News and Updates

HSBC to move seven offices from London to Paris amid Brexit uncertainty

While Britain braces for its exit from the EU in March 2019, HSBC announced that seven of its Europe-focused offices will move from London to Paris early next year.

These seven offices are responsible for the bank’s activities in Italy, Spain, the Netherlands, Belgium, Luxembourg, the Czech Republic and the Republic of Ireland. They will be transferred from HSBC Bank, the company’s London-based subsidiary, to its Paris-based counterpart HSBC France, the bank’s french subsidiary revealed in a statement. (more…)

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Top 7 Reasons Why Millennials Need Life Insurance

Young adults face unique financial challenges these days, from figuring out how to save for retirement to tackling crushing student loan debt. One of the things that millennials tend to put on the back-burner is having adequate insurance. In fact, the under 30 crowd is more likely to lack things like health and life insurance than older consumers. It’s easy to think you don’t need life insurance when you’re starting your career and you’re relatively healthy. However, you may want to check out these good reasons to buy it sooner rather than later. (more…)

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Advisers missing out on £1.2trn millennials inheritance pot

More than half of advisers are not taking any steps to target potential clients aged below 45 as millennials are set to inherit some £1.2 trillion in the next 30 years, according to a report by financial group Sanlam UK.

Advisers surveyed say they are concerned about their ability to target this younger generation of clients and are aware of the perceived threat from robo-advisers and financial technology tools, the study found.

Almost half of advisers polled (45%) say potential younger clients are more likely to trust science or model-based advice rather than human advisers. (more…)

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