Good morning and welcome to your Morning Briefing for Tuesday 9 April 2024. To get this in your inbox every morning click here.
LGIM joins SimplyBiz solutions range
SimplyBiz has announced that Legal & General Investment Management’s (LGIM’s) model portfolio service is the latest addition to its risk-controlled investment solutions range.
Created in partnership with its sister company Defaqto, SimplyBiz’s risk-controlled range is designed to support both improved adviser efficiency and the suitability of consumer outcomes.
Standing up for smaller firms
Whether a client decides to partner with you or not will come down to one thing and one thing only: trust.
Therein lies the dilemma – and it’s one I’ve seen many clients wrestle with – which type of firm is most trustworthy? Big or small?
Quote Of The Day
At a time when fundraising across the broader venture capital markets has slowed, venture capital trusts (VCTs) are showing their worth and outperforming the trend.
– Chris Lewis, chair of the VCT Association, comments on the Association of Investment Companies’ release on VCT fundraising
Stat Attack
Research by Smart Betting Guide has revealed that almost £350m worth of cryptocurrency has been lost to hacks in 2024 so far.
| Chain | Incidents |
| Ethereum | 33 |
| BNB Chain | 14 |
| Arbitrum | 6 |
| Solana | 2 |
| Bitcoin | 2 |
Source: Smart Betting Guide
In Other News
Hymans Robertson has launched a new ‘Excellence in Endgames’ insights hub to help DB pension scheme trustees and sponsors find their way through the maze of emerging endgame options.
The newly launched hub includes a decision-making tree to help identify the optimal Plan A endgame in this new environment.
It highlights that while buy-out will remain a Plan A for many DB schemes, for others alternatives such as managed run-off, alternative risk transfer and superfunds will be their Plan A.
The pensions and financial services consultancy also suggests that, while many schemes may have a Plan A in place for the endgame, few have a dynamic endgames strategy that considers an actionable Plan B.
The decision-making tree is designed to cut through complexity, identify the right endgames strategy for a scheme, and help develop and execute a plan that puts member outcomes at its heart.
Intelliflo has been included on the WealthTech100 list by Fintech Global, an annual ranking of the world’s most innovative wealthtech companies.
The business has been recognised for its robust, API-based financial advisory platform, which allows advisers to personalise and digitise financial advice at scale.
Intelliflo helps simplify the complex digital landscape for financial advisers, enabling them to grow and compete.
The WealthTech100 list highlights the industry’s leaders in tech innovation that are likely to have a lasting impact.
From Elsewhere
Labour seeks to toughen planned tax crackdown on ‘non-doms’ (Financial Times)
JPMorgan names CEO Dimon’s potential successors including Piepszak, Lake (Reuters)
Barclays mounts legal challenge over car finance claim (Sky News)
Did You See?
St. James’s Place (SJP) has expanded its Virtual Reality (VR) adviser training with a course from the Chartered Insurance Institute (CII).
SJP is piloting two VR empathy and vulnerability face-to-face sessions, run by SJP through the CII.
These are aimed at building vulnerable client support and soft skills for advisers in line with the Consumer Duty.
Both current CII and non-CII members who are in financial adviser or client-facing financial services roles will be offered the chance to enrol.
Two pilot half-day sessions, on May 29 and June 20 2024, are available on a first-come, first-served basis via the CII website. In total, there are 15 places available for each session using Oculus Quest 2 VR headsets supplied by SJP.
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