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The Morning Briefing: Concrete actions; Salary survey

The Morning Briefing: Concrete actions; Salary survey
Written by publisher team

Good morning and welcome to your Morning Briefing for Friday 7 January, 2022. To get this in your inbox every morning click here.


Less talking, more action

If 2021 was the year of net zero commitments, 2022 should be the year of concrete actions.

This is the wish of the Institutional Investors Group on Climate Change chief executive Stephanie Pfeifer.

“Looking ahead to 2022, there is always more that can be done. We must capitalise on recent momentum to ensure that if 2021 was the year of net zero commitments, 2022 is the year of demonstrable progress and implementation,” she says.

Two years after the launch of the Net Zero Asset Managers initiative, where are we standing now?

To find out, Money Marketing surveyed a number of UK asset managers.



Take part!

Money Marketing and BWD need advisers to take part in the salary survey for 2022.

It has brand new questions about Covid and diversity alongside questions about what people’s salaries were in 2021 and what they expect them to be in 2022.



Quote Of The Day

While economic growth has been strong, as issues have opened up – inflationary consequences will be a key focus in 2022, global pressures and asset prices are all that we should be looking at year

– Piers Hillier, chief investment officer at Royal London Asset Management, comments on the key risks and rewards that may be encountered in 2022



Stat Attack

Aegon UK research show that 64% of people are concerned about the impact of rising inflation on their finances.

24%

Said they are very concerned about the financial challenges they may face as a result of soaring inflation

65%

Rising home energy prices topped the list of inflation concerns along with rising petrol prices

48%

Rising petrol prices was the second most important concern

37%

Were worried about being able to save as much money

36%

Were concerned about the purchasing power of cash savings decreasing

Source: Aegon UK



In Other News

The founder and owner of independent financial advice firm FP Solutions, Steve Jupp, will be joining Tilney Smith & Williamson (TS&W).

Jupp will join the team at Summit House, which is located in the center of Chelmsford. He will report into financial planning partner Pete Beasant.

TS&W in Chelmsford provides clients with expert financial planning and investment advice that is tailored to an individual’s needs and aspirations.

TS&W head of strategic partnerships Richard Dawes said: “I am delighted that Steve Jupp is joining our Chelmsford office as part of our succession programme.

“Steve has built a great business working with clients from across Essex and this move will ensure they continue to receive a high-quality, personalized service for many years to come.

“The announcement also demonstrates our commitment to continue growing our business in Chelmsford and the wider Essex area.”


HSBC Global Private Banking has raised circa $3.2bn (£2.37bn) worth of alternative investments in private client commitments globally in 2021.

This is an increase from the $2.3bn (£1.70bn) raised in 2020.

This included $1.9bn (£1.41bn) from Asia, while EMEA recorded $1.3bn (£960m).

The uptick was driven by a continued momentum in hedge funds coupled with a strong performance across private markets.

HSBC global head of investments & wealth solutions Lavanya Chari said: “This year we aim to broaden our alternative investments offering to also meet the long-term investment demands of our personal banking and premier customers, while improving solutions for top tier UHNW clients through the introduction of new bespoke and dedicated services.”


Law Debenture has appointed Vicky Paramour as managing director of its pensions practice effective immediately. Vicky joined Law Debenture in 2015 as a trustee director. She has over 20 years’ experience in the pensions industry.

As managing director of the pensions practice, she leads a team of 50+ pension professionals, working across 200 schemes, governing pensions for 10% of the UK’s population. Vicky is responsible for Law Debenture’s full pensions business which includes Pegasus, Law Debenture’s independent outsourced pensions executive services team, headed up by Sankar Mahalingham.

Commenting on her appointment, Paramour said: “I’m delighted to be continuing my career at Law Debenture in this new and exciting role. The next few years will be an exciting time for the LawDeb Pensions team with many opportunities for development as trusteeship and governance models continue to evolve.”

In a related development, Nigel Modlinsky was appointed head of corporate sole trustee Law Debenture.



From Elsewhere

Credit Suisse rejects blame in Mozambican fraud row (Law 360)

Pensioners robbed at knifepoint by masked men in Sheffield home (BBC News)

Late tax return penalties will be waited for a month due to Covid-19 pressures (Evening Standard)

UK children to get inflation-busting rise in pocket money (The Guardian)

How financial advisers get paid: what the readers think (The Wall Street Journal)


Did You See?

Sanlam Investments is likely to split its head of assessment management role into two positions.

Money Marketing Understands the current responsibilities of head of investment and head of distribution are to be separated.

Tom Carroll is currently serving as head of asset management at Sanlam, but he will join Rathbone Unit Trust Management as chief investment officer later this year.

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publisher team