The Financial Conduct Authority (FCA) want to completely exclude pension wealth from high net worth investor (HNWI) calculations in order to prevent retirees losing their nest egg in high risk sophisticated investments.
The Financial Conduct Authority (FCA) has revamped its at-retirement rules as a result of pensions freedom and choice reforms which opened up the retirement income market.
Investec Wealth & Investment has launched a private office to expand its services for high net worth clients.
A firm matching high net worth individuals with wealth managers has received £500,000 funding for expansion into Asia from angel investors.
Rathbones is planning to expand its range of services for high net worth clients with the launch of a private office.
Nucleus has announced plans to overhaul its pricing structure, cutting fees by 50% for clients with assets over £1m as it moves to entice more high net worth clients.
Dan Saxby has joined Arbuthnot Latham & Co as a director of private banking.