If you were hoping for a quiet start to November, this week had other plans. Between the Financial Conduct Authority’s (FCA) multi-firm review and chancellor Rachel Reeves readying her budget, there’s been plenty to chew on this week.
Leading the pack was news that former St James's Place duo Claire Blackwell and John Owen have launched The NexStage, a support service for advice firms. Their goal is to help businesses "scale sustainably" and "create real succession pathways". The pair are also building a "collective" of compliance and risk specialists to support firms on demand. In other news, the regulator's long-awaited review into advice firm consolidation finally landed. It warned that poor governance and weak oversight could mean trouble for consolidators. Still, the watchdog insisted consolidation can deliver "e...
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