Almost all (89 per cent) UK wealth and asset managers plan to maintain flexible working patterns for employees first introduced in response to the Covid-19 pandemic, according to a new report by Lloyds Bank.

Citi Private Bank has released the results of a survey led by the Private Capital Group, providing insight into the thinking of some of the world’s  most sophisticated family offices and investors during an unprecedented health and economic crisis.

New research reveals that schoolkids in the UK say they should be paid double the amount they currently receive in weekly pocket money - an average of around GBP28 a month.

Nucleus, the adviser built wrap platform, has launched a white paper to enable advisers to learn more about how clients make financial decisions and how firms can apply these insights to the financial planning process.

Financial advisers did not find asset manager wholesalers more helpful in addressing their needs throughout the challenges of the Covid-19 pandemic, accoridng to a new survey of over 400 financial advisors by Broadridge Financial Solutions.

Moneyfacts UK Savings Trends Treasury Report data, not yet published, reveals that all average fixed savings rates rose across the board for the first time since December 2018. 

With growing numbers of people reaching retirement with a pension pot to manage rather than a regular guaranteed income, there is a growing need for savers to understand how rapidly they can draw on that pot without risk of running out of money.  

Wealth managers and private banks need to ‘democratise’ their service and product offerings to a wider audience of affluent clients to compete and grow in the new hyper-digital world. If firms do not democratise their proposition, they risk losing market share and failing to capitalise on the profound, digital-led transformation of the sector. 

Business owners, investors and family office principals are putting their personal reputations at risk by not taking steps to narrow pay gaps in their companies, according to a new national survey. 

The global Coronavirus pandemic has accelerated the need for wealth managers to address the gap in meeting their clients’ digital expectations, according to the latest Wealth Management Digital Readiness Survey from asset and wealth management consultancy Alpha FMC.