The Advice Show
Exclusive interviews and lively chat with a diverse mix of figures from the financial planning profession, personal finance and financial services.
Budget 2021 recap: ‘Freezing allowances is a stealth tax’
In this episode, NMA reporter Laura Purkess speaks to Tom Selby, senior analyst at AJ Bell, about some of the biggest announcements in the 2021 Budget, including freezing the lifetime allowance and income tax thresholds, hiking corporation tax for bigger businesses to 25%, extending the stamp duty holiday and re-introducing…
Platforms' profits have led to PE takeover frenzy
In this latest episode of the New Model Adviser podcast, reporter James Fitzgerald speaks with Ben Hammond, platforms director at Altus Consulting. They speak about the inner workings of recent private equity deals for platforms, and what recent takeovers mean for platforms’ staff, advisers and clients. Hammond tells Fitzgerald that…
Verona Kenny: 'There's never been more interest in buying advice firms'
In this episode, reporter Laura Purkess talks to 7IM’s Verona Kenny about the biggest changes she’s seen in the advice profession over the course of her career. They talk about pension freedoms and the rise of responsible investing, as well as the growth and consolidation of advice firms.
Nationals' acquisition drought could last years
The Covid-19 pandemic put a stop to most consolidation and IFA buyouts last year. But although the vaccine means we may return to normality sooner rather than later, there are some who think the acquisition market may stay stagnant for a while yet. In this episode of the New Model…
The Balance - Episode 1: How my boss helped seizure recovery
Episode One. Welcome to a new ongoing series The Balance looking at real stories of personal difficulty within the advice profession and financial services. In this episode James Thorneley, former global head of media relations at Standard Life, recounts how he smashed his skull during an epileptic fit. He required…
No, minister: Gov't must take responsibility for the DB debacle
A breakdown of communication; failure to learn the lessons of the past; policy problems; improper planning; regulatory stalemate; and, of course, denial. A perfect storm involving all these factors and more led to what Personal Finance Society CEO Keith Richards now candidly calls a 'DB debacle'. In this episode, James…
ESG? I'd rather my fund manager had principles!
UPDATE: This is now the correct version of this podcast. Paul Jourdan, the Citywire AAA-rated manager of the Amati Small Companies fund, is unhappy that ESG is seen as a ‘special sauce’. Indeed, what does it say about fund managers if we are only now applying ethical criteria? Fellow guest…
How I help my clients claim on the FSCS
Advisers are used to getting frustrated about the Financial Services Compensation Scheme (FSCS), but few will be familiar with helping clients claim on it. The process is actually mercifully simple, but as Felix Milton discovered, there is more to the FSCS than just claims. When it comes to helping clients…
ESG in property funds: Hard but not impossible
Clients these days want to do good things with their money, and now that performance concerns have largely died off, ESG is enjoying its time in the sun. But that doesn't mean the due diligence is easy. Indeed, one area you might be less familiar with in the ESG world…
Antivax, risk & regulatory revolution – healthcare special
With several Covid-19 vaccines now approved for use in the UK, it seemed like a good idea to discuss healthcare on the podcast again. NMA editor Will Robins is joined by Citywire AAA-rated manager Paul Jourdan and ‘reluctant futurist’ Mark Stevenson to talk about the wider impact of coronavirus vaccines.
Inside EQ Investors' £350m impact portfolios
2020 was the year in which many investors wanted to make an impact with their funds. No one was better placed to explain why this happened than Sophie Kennedy, head of investments at EQ Investors. Kennedy takes us through the top picks in the firm's impact portfolios, and explains what…
Obama climate change adviser on giving ESG rules 'teeth'
'We're in a great place right now,' declares an ebullient John Morton. A former climate change adviser to president Barack Obama, Morton could not be more pleased to see Joe Biden prepare for the White House. Morton worked with Obama on his Paris Agreement legacy during his final months in…
The planner and the prof plotting a philanthropy revolution
Financial advice clients will be encouraged to give more money to charity via The Together Charitable Foundation (TCF) launched by Jarrovian Wealth CEO Graeme Price and Cass Business School professor Paul Palmer. TCF grants clients and their advisers control over where their money is given. Will it catch on? NMA…
We're not the West Brom of platforms!
Praemium chief operating officer Mark Sanderson joins us to explain why he thinks NMA got it wrong in this year's Platform Premier League. We discuss using data to help clients, Praemium's global users, and Darren Fletcher. You can see the full Platform Premier League here: https://tinyurl.com/y27lg8mc
I've been red and yellow, now I've gone green: Chuka Umunna talks ESG
Former Labour shadow secretary of state for business rings Ollie Smith from the back of a taxi to discuss his new role in ESG at comms giant Edelman.
Advice gap special: The market's failed, so culture's the clincher
Ollie Smith is joined by the contributors to a major report by Octopus Investments into the advice gap to discuss market failure, retiring advisers, and why culture is the key to making advice more accessible. The participants were: Ruth Handcock, chief executive, Octopus Investments Claire Limon, director of learning and…
FundsNetwork boss: ‘We are on a mission to reinvent ourselves’
Despite being one of the biggest (and oldest platforms) in the market, FundsNetwork CEO Jackie Boylan says she doesn’t want the Fidelity platform to be seen as a behemoth. In this episode, she talks NMA news editor Jack Gilbert through her efforts to make the company more innovative and nimble…
'I'm not too proud to admit I struggled the most in lockdown'
This episode was supposed to be about financial planning for business clients in the pandemic. But the most striking admission you will hear in it is of a male manager showing vulnerability to his staff, and, we might add, to us too. ‘I’m not too proud to admit I struggled…
Investing in anti-corruption: Jupiter's Guy de Blonay & futurist Mark Stevenson
Innovative companies, fighting corruption and removing friction in the global economy, fintechs, particularity digital payments businesses look like a great proposition for investors and society alike. That said, despite coming in with a 'clean deck' the collapse of companies like Wirecard recently proves that governance (that not-to-be-overlooked aspect of ESG)…
You're doing your PI renewal wrong
You're doing it wrong. Stop doing it like that. Put some more effort in. Advisers have heard many statements of this kind from the FCA in 2020, mainly regarding defined benefit (DB) pension transfers. But on this occasion, the person calling for an improvement is an adviser themselves. In this…