The Morning Briefing: No state pension forecasts and Liontrust digital advertising

Good morning and welcome to your Morning Briefing for Tuesday 12 April, 2022. To get this in your inbox each morning click here.

No state pension forecasts

The Division for Work & Pensions (DWP) has confirmed to Cash Advertising and marketing that monetary advisers can now not receive state pension forecasts on behalf of their shoppers.

The exception to the rule is when advisers have an influence of legal professional from the consumer.

This measure applies for any request signed after 23 February 2022.

Liontrust digital advertising

Liontrust has mentioned it’s making a major funding in its digital advertising technique to “additional improve” engagement with shoppers and buyers.

This was epitomised by the launch of its new web site on the finish of March. The brand new website options “distinct buyer journeys and personalisation”.

The web site and wider digital advertising technique are designed to present shoppers and buyers “the data and content material they need and in the way in which they need to devour it”, whereas additionally enhancing their on-line experiences with Liontrust.

Remembering what actually issues

Ten days in the past, I acquired a cellphone name from a buddy of mine, letting me know that considered one of our shut buddies had handed away. As quickly as I noticed the decision coming at 8:30 on a Saturday morning I knew what the decision was about. 

“We had been advised that most cancers had gotten the higher of him, after preventing it off for the earlier 18 months. He was simply 42 years outdated. He leaves behind a spouse and delightful 11-year-old daughter.

“If you happen to didn’t comprehend it already, life is brief and it may be merciless.”

The loss of life of an in depth buddy might be traumatic and extremely upsetting, but ship perspective about what actually issues in life and what we worth most, says Sam Sloma – managing director of Have interaction Monetary Providers.

Quote Of The Day

Markets will probably be paying consideration over coming weeks not solely to the earnings season but additionally developments in France. Macron now faces Le Pen within the second spherical of the French Presidential election on 24 April.

– Rupert Thompson, Funding Strategist at Kingswood, feedback on the influence of French Presidential Election on markets

Stat Assault

The variety of rich UK taxpayers admitting to unpaid tax on offshore belongings has elevated within the final 12 months in line with multinational regulation agency Pinsent Masons.


The variety of rich UK taxpayers admitting to unpaid tax on offshore belongings has jumped from 3,301 to 4,443 within the final 12 months


This can be a 35% enhance 12 months on 12 months


The rise within the variety of disclosures has seen the quantity of further income from offshore earnings enhance from £44.5m to £56.9m within the final 12 months


This can be a 28% enhance in comparison with final 12 months


The utmost penalty for failing to reveal offshore earnings is 200% of tax owed

12 months

The Finance Act of 2016 additionally created the prison offence of failing to declare offshore earnings, carrying a doable jail sentence of as much as 12 months

Supply: Pinsent Masons

In Different Information

The South Coast department of the Chartered Institute for Securities and Funding (CISI) has appointed O-IM funding supervisor Matthew Hull as its new president.

He has greater than 10 years’ expertise in funding administration.

Previous to becoming a member of O-IM, he was co-Supervisor of the TAMAC International Champions Fund and an Funding Supervisor at Rockfire Capital, closing round £250m of Infrastructure investments.

Hull’s educational background and private curiosity in present affairs, politics, historical past, and economics is the driving power behind his work.

As well as, he finds persevering with extra-curricular improvement is crucial, along with his present focus being on German, Chinese language, superior Excel and Python.

Ninety One has introduced the launch of the International Sustainable Fairness technique.

The technique is managed by Stephanie Niven, and is a concentrated, energetic, long-term world fairness answer targeted on sustainability leaders.

It is going to complement Ninety One’s suite of sustainable capabilities, together with world atmosphere, UK sustainable fairness and world multi asset sustainable progress.

The International Sustainable Fairness technique is investing for a world transitioning in the direction of a extra sustainable future, the place externalities will probably be more and more priced and valued.

This consists of not simply the carbon externality, the place there was vital momentum during the last eighteen months, however broader externalities that influence an organization’s workers, wider society and the pure world.

Rathbone Greenbank Investments has appointed Marian Woodward as influence supervisor.

She will probably be based mostly in Rathbones’ London workplace and can report back to Kate Elliot, head of moral, sustainable and influence analysis.

Within the position of influence supervisor, Woodward will work carefully with Greenbank’s funding groups based mostly in London, Bristol, Liverpool and Scotland.

She will probably be accountable for main the enhancement of Greenbank’s influence funding providing, together with figuring out additional influence funding alternatives for shoppers and growing Greenbank’s influence reporting.

Previous to becoming a member of Greenbank, Woodward accomplished a Grasp of Public Administration (MPA) on the London College of Economics.

Earlier than this she was a accountable funding analyst for Constancy Worldwide, the place she developed a proprietary ESG rankings framework and formalised its ESG company engagement framework.

From Elsewhere

Staff endure greatest drop in actual pay since 2013, figures present (Evening Standard)

Greenback holds regular forward of anticipated red-hot U.S. inflation information (Reuters)

Price of dwelling disaster dangers stalling the financial system as storms, Covid and provide chaos dim UK prospects (i News)

Did You See?

“I used to be intrigued to learn that Aviva will probably be shopping for Succession for £385m and I want each events the most effective of luck. Nevertheless, expertise means that there will probably be some vital challenges forward.

“The truth is, as I’ve mentioned earlier than, there may be little proof that this type of consolidation helps establishments obtain their targets.

“Typically the problem is weak due diligence such because the latest debacle the place Quilter discovered £35m of DB to DC liabilities after the cope with Lighthouse Group was completed. However more often than not I feel it’s all the way down to tradition.”

Proudly introduced mergers might sound best from the outset, however, says unbiased guide Malcolm Kerr, combining cultures might require vital work.

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