The Morning Briefing: Concrete actions; Salary survey

Hello and welcome to your Morning Briefing on Friday January 7, 2022. To receive it each morning in your inbox, click here.


Less talk, 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 CEO of the Institutional Investors Group on Climate Change, Stephanie Pfeifer.

“By 2022, there is always more to do. We need to capitalize on the recent momentum to ensure that if 2021 is the year of net zero commitments, 2022 is the year of demonstrable progress and implementation, ”she said.

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

To discover, Money Marketing interviewed a number of UK asset managers.



To take part!

Money Marketing and BWD need advisers to participate in the 2022 salary survey.

He has brand new questions about Covid and diversity as well as questions about people’s salaries in 2021 and what they expect them to be in 2022.



Quote of the day

While economic growth has been strong, as economies have opened wide – inflationary consequences will be a key target in 2022, global pressures and asset prices are all key issues we should be addressing this year.

– Piers Hillier, Chief Investment Officer at Royal London Asset Management, comments on the main risks and rewards that may be encountered in 2022



Statistics attack

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

24%

They said they were very concerned about the financial challenges they might face due to the spike in inflation.

65%

Rising domestic energy prices top inflation concerns, along with rising oil prices

48%

Rising gasoline prices were the second most important concern

37%

were worried that they could save so much money

36%

were concerned about the declining purchasing power of cash savings

Source: Aegon United Kingdom



In other news

Founder and owner of independent financial consultancy FP Solutions, Steve Jupp, will join Tilney Smith & Williamson (TS&W).

Jupp will join the Summit House team, located in central Chelmsford. He will report to financial planning partner Pete Beasant.

TS&W in Chelmsford provides its clients with expert financial planning and investment advice tailored to individual needs and aspirations.

Richard Dawes, TS&W Head of Strategic Partnerships, said: “I am delighted that Steve Jupp is joining our Chelmsford office as part of our succession program.

“Steve has built a great business working with clients from all over Essex and this move will ensure they will continue to enjoy quality personalized service for many years to come.

“The announcement also demonstrates our commitment to continuing to grow our business in Chelmsford and the greater Essex region. “


HSBC Global Private Banking raised around $ 3.2 billion (£ 2.37 billion) of alternative investments in private client engagements around the world in 2021.

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

This included $ 1.9 billion (£ 1.41 billion) from Asia, while the EMEA recorded $ 1.3 billion (£ 960 million).

The rise was driven by continued momentum in hedge funds coupled with solid performance in private markets.

Lavanya Chari, Global Head of Investment and Wealth Management Solutions at HSBC, said: Introducing new tailored and dedicated services.


Law Debenture has appointed Vicky Paramour to the position of General Manager of its Pensions Practice with immediate effect. Vicky joined Law Debenture in 2015 as a Trustee. She has over 20 years of experience in the pension industry.

As Managing Director of Pensions Practice, she leads a team of over 50 pension professionals, working in 200 schemes, governing the pensions of 10% of the UK population. Vicky is responsible for all of Law Debenture’s retirement activities, which includes Pegasus, Law Debenture’s independent outsourced executive retirement services team, led by Sankar Mahalingham.

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

In a related development, Nigel Modlinsky was appointed head of the sole trust company Law Debenture.



Moreover

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

Pensioners stabbed by masked men from Sheffield home (BBC News)

Late filing penalties to be removed for one month due to pressures from Covid-19 (Evening Standard)

British children to benefit from increased anti-inflation pocket money (The Guardian)

How Financial Advisors Get Paid: What Readers Are Saying (The Wall Street Journal)


Have you seen?

Sanlam Investments is likely to split its role of responsible for managing evaluations into two positions.

Money Marketing understands that the current responsibilities of the Chief Investment Officer and the Chief Distribution Officer need to be separated.

Tom Carroll is currently Head of Asset Management at Sanlam, but will join Rathbone Unit Trust Management as Chief Investment Officer later this year.

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