True Potential

Financial services firm True Potential Investments has launched a self-invested personal pension (SIPP) with no annual charges or transfer fees to ease the process of consolidation.

Five firms have been named on the shortlist for the Best Platform for Adviser Service gong at next month's Aberdeen UK Platform Awards.

True Potential Investments is to exclusively distribute Goldman Sachs' dynamic strategy funds, bringing them within the reach of UK retail investors for the first time.

Automatic enrolment (AE) into workplace pension schemes "takes away savers' choices, treats them like children and should be overhauled", according to a managing partner at True Potential.

The True Potential group of companies has boosted its pre-tax profit by 56% for the half year 2013 compared with the same period last year.

True Potential Wealth Management has seen growth in adviser numbers of almost 300% year on year as a result of displaced high street bank advisers looking to remain in the sector.

The Financial Conduct Authority (FCA) will not be any different from the Financial Services Authority (FSA) and should be "strangled at birth" before regulators do any more damage, according to the head of economics think tank the Adam Smith Institute....

True Potential's head of group compliance, Charles Jackson, has left the firm after just five months in the role.

True Potential Wealth Management has said it is offering a "new future" to bank advisers who have found themselves out of a job as a result of changes brought on by the Retail Distribution Review (RDR) and the overall downsizing of the market.

True Potential has increased its 2012 pre-tax profit by 57% year on year, from £2.3m to £3.6m.