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Six mini-revolutions from Open Banking which Space clients should look out for

Six mini-revolutions from Open Banking which Space clients should look out for

From January next year, British consumers will be given effective ownership of their own banking data and with the ability to give permission for it to be used by other financial services firms. The EU-wide initiative is being enthusiastically embraced by the UK. While potentially very empowering for consumers, the UK Government is also driven […]

Thoughts on this year’s big U-turn

Five questions from the secondary annuity U-turn The year 2016 will no doubt go down in history for many notable events, but it will also be imprinted on the memories of some entrepreneurs because of the dramatic government U-turn on the secondary annuity market. The move certainly disrupted several business plans and, in the case […]

Not as much help to buy as we thought?

Not as much help to buy as we thought?

Financial services firms have learned through hard won experience not to promise more than they can deliver to customers and clients. Yet the news this summer suggests an important segment of new customers may be about to get rather annoyed, although perhaps they should be directing their ire at the government this time. The Telegraph […]

Get your financial advice here. No sum too small!

Do we need to question one assumption about the IFA market, that they won’t advise on small pots? The FCA survey of 233 adviser businesses suggests that surprisingly few advice firms have a minimum threshold on clients’ investable assets and that most advisers are reaching further down the market than might be expected. This is […]

What do you really think of the FAMR?

What do you really think of the FAMR?

A damp squib, a stitch-up for the banks to steal market share, or a blueprint for the next ten years in financial services? The Financial Advice Market Review has certainly divided opinion more starkly than anything since the RDR. That’s why it’s an ideal candidate for the latest Space Money Talks forum. And this time, […]

The best financial firms have been working on the FAMR for years. They just didn’t know it

The best financial firms have been working on the FAMR for years. They just didn’t know it

There is an argument to say that advisers and providers were already doing sterling work on the Financial Advice Market Review before it existed. Certainly the team at Space have spent a great deal of time and thought working with our clients on this type of challenge – if not quite in the exact terms […]

Why this is a good long-term budget for the FS industry

Why this is a good long-term budget for the FS industry

Budgets come and budgets go and you can look at them from many perspectives. Financial Services specialists tend to look at them first through the lens of their customers, then at what opportunities they might create, and finally how they might impact personally. It’s all sensible stuff, but it’s all a bit short-term. Look at […]

If Greece sneezes will the UK catch a cold?

If Greece sneezes will the UK catch a cold?

It’s hard to imagine a country where they lock the banks for a week and restrict your access to money. Especially poignant have been the images of pensioners, many of whom will have faced years of austerity in their youth, having to queue to access what they see as their rightful income. Generally older people […]

The space01 budget review

The space01 budget review

A Budget presented with just months to go before a general election was going to be an intensely political one, and even more so with the two largest parties neck and neck in the polls. In addition, the UK’s finances remain incredibly tight despite the improving economy. The risk in these circumstances is that the […]

A revolutionary Budget for savings

A revolutionary Budget for savings

With a revolutionary Budget for savings, the financial services industry faces one of the biggest communications challenges in its history. Customers, clients, investors and savers have more choice now than they have had for at least a couple of decades and perhaps more. There are huge opportunities but as with any liberalisation, there are big […]