Good morning and welcome to your Morning Briefing for Tuesday 5 September 2023. To get this in your inbox every morning click here.
Canadian giant
Pension funds are the biggest institutional investors alongside hedge funds and sovereign wealth funds.
One of the biggest players is the Ontario Teachers’ Pension Plan that has C$250bn in net assets.
The fund has said it will buy a majority stake in wealth manager 7IM from investment trust Caledonia.
Mortgage portal
Just Wealth has launched a new referral portal which gives mortgage advisers “greater line of sight” when introducing potential wealth clients.
The firm is the financial services arm of national brokerage Just Mortgages.
Andy Curran
Standard Life chief executive Andy Curran sat down with our reporter Darius McQuaid to talk about his career in the latest MM Meets.
It is Darius’s first article of this type and starts with the offer of a welcome cup of tea.
Quote Of The Day
It’s always tough to predict a winner of any World Cup and it’s no different here. Looking at the country’s economies, Japan has the potential to hold the trophy aloft.
– Hal Cook, senior investment analyst, Hargreaves Lansdown on why Japan is likely to win the World Cup
Stat Attack
How well do financial services brands comply with the FCA’s Consumer Duty, and Google’s EEAT guidelines? Not very well according to digital marketing agency, Balance.
It examined 50 household-known websites across the main sectors of financial services.
Then it gave each website a score across the four areas of Google’s EEAT recommendations: Experience, Expertise, Authority and Trust.
The scores out of 12, three for each part of EEAT, are:
9.4
For price comparison websites
9
For consulting firms
7.9
For investment firms
6.5
For banks
5.9
For insurance brands
5.3
For building societies
Source: Balance
In Other News
Fidelity Adviser Solutions has completed its latest integration with Origo Integration Hub, providing greater and more direct access to client data.
Users of Intelliflo Office will be the first to receive an enhanced view of client data in one place.
Integrating bulk valuations and transaction history from Fidelity directly into Intelliflo Office will enable more efficient connections.
This will be the first time Intelliflo customers will be able to access transactional data directly from Fidelity into their systems.
This should eliminate the need for the manual re-keying of client data and allowing them to hold their clients’ data in a single place.
From Elsewhere
Fuel price rises push up cost of full tank by around £4 (BBC News)
G20 must forge agreement to increase tax on rich, say campaigners (The Guardian)
More than one in eight UK bank branches to close in 2023 (The Financial Times)
Did You See?
The Money Marketing’s elite editorial team’s latest podcast recaps all the major stories they covered in August, offering insightful analysis on topics like market trends and regulation. Listen now:
