Author: Rich Mayor

The D2C market exploded during the pandemic and competition for consumer business is fierce. AJ Bell’s direct platform, YouInvest, has done rather well out of it, but keen to not stand still it’s now going head to head with trading apps and Vanguard with its new app, Dodl.

News broke today that Embark has been bought by Lloyds (LBG) for £390m. The deal is for all parts of Embark’s businesses, including advised platform Advance, but excludes the Rowanmoor Sipp business, which will be retained by existing shareholders.

After a couple of months of speculation, M&G has reached an agreement with Royal London to purchase its platform, Ascentric. The deal, subject to FCA approval, brings £14bn of assets and over 90,000 clients to the M&G, in what seemed at first like an oddly timed move.

Old Mutual Wealth announced it is simplifying its charging structure and expanding its client linking feature to offer discounts to family members. Both changes come into effect in April 2020.

Ethical, responsible, sustainable, eco-friendly, green. The last few years has seen a dramatic rise of these buzzwords across all products and sectors. The public is far more conscious about its impact on the world. As a result, companies are keen to be, or at least perceived to be, as responsible and doing their part to improve the environment and society at large.

Standard Life gave its customers an early Christmas present today, announcing lower fees on the Standard Life Wrap and introducing the Drawdown Price Lock.

A new job in the city with more money has meant that I’ve been able to save. Hurrah! I had a general investment account with Fidelity and topped it up with a smallish investment. I was quite happy with the way my investment was ticking along, until I decided to check out the charges on offer.