Dynamic Planner

Dynamic Planner commissioned research with FTRC’s AdviserSoftware.com to find out how the role of technology in financial planning is changing to cater for consumer needs. Find out what 4,000 consumers told us --> https://lnkd.in/eR7sFQ-h #AdviceTech #WealthTech #FinancialPlanningApp

We are still buzzing off the back of being awarded 'Leading Independent Planning Tool' at the Schroders UK Platform Awards for the 5th year in a row. You can see the full list of winners in Professional Adviser here: https://hubs.ly/Q02Rc8yM0

We are incredibly proud to once again be awarded ‘Leading Independent Planning Tool’ at this year’s Schroder’s UK Platform Awards 2024. Winning this accolade for the past 5 years – 2020, 2021, 2022, 2023 and now 2024 is testament to our fantastic team, and to our clients and partners for their ongoing support of Dynamic Planner. Congratulations to all of the winners tonight! #schrodersukpa2024

We are delighted to announce that Pense Ltd has selected the market leading digital advice platform Dynamic Planner to support them in their client review and cash flow processes. Find out more about how we help firms match people with suitable solutions through engaging wealth and financial planning. https://lnkd.in/eRs5MjAk

Commenting on the latest Bank of England interest rate decision, Abhimanyu Chatterjee, Chief Investment Strategist at Dynamic Planner said: “The Bank of England has held its headline rate at 5%. Given the resilient inflation numbers seen yesterday, as well as core inflation increasing to 3.6%, this is hardly surprising. Unlike the Federal Reserve which delivered a larger than expected 50bps rate cut while overseeing an economy which is humming along nicely, the Bank of England faces different challenges – one of a need to balance growth within the economy vis-à-vis this very persistent inflation. In fact, Andrew Bailey, the chair of the Bank, has already spoken of the “economic costs of bringing down persistent inflation” – lower output and higher unemployment. “While it is not unfeasible to expect that the trajectory of rates in the UK will follow that of the other Central Banks of the developed world (Japan being the other notable exception), it is the speed of implementation that will be closely watched. All of that creates uncertainty, which translates into volatility in the Gilt market. The onus will be on the Bank of England to manage the path forward and avoid all the policy pitfalls that are par for the course in such a tricky situation.”

Commenting on the latest CPI data from the ONS, Abhimanyu Chatterjee , Chief Investment Strategist at Dynamic Planner said: “Inflation, as measured by the Consumer Price Index, remained higher than the Bank of England target at 2.2%. Services inflation was higher than expected at 5.6%. This along with the recent public sector pay deals could prove that inflation remains stickier. This latest read of consumer prices takes the possibility of interest rate cuts tomorrow off the table. It may also mean that the trajectory of the Bank of England remains in “wait and watch” mode. While there are expectations for rate cuts later in the year, future prints of inflation will be an important factor in these decisions. “As growth stagnates and inflation remains persistent, the quandary that the Bank faces is the choice between two evils – should it favour growth and cut rates, thereby possibly fuelling inflation or prioritise controlling inflation by slowing down the pace of rate cuts, thereby compromising growth? This is akin to choosing between the Scylla and the Charybdis – either of which could possibly lead to unforeseen consequences. In the meanwhile, households continue to struggle under the burden of rising prices, which along with higher energy prices already declared by OFGEM, will reduce disposable income and hinder consumer confidence and spending.” 

The dust has been settling this week on our win at the 2024 Money Marketing Awards.   Competition was said to be ‘hot’ in this year’s Adviser Tech Provider of the Year category.   But we were thrilled to come out on top and pick up the prize for the 3rd time in 4 years.   Why is our software so tough to beat?   We’d love to help answer that question for your business.   https://lnkd.in/eJSdDsJE

Excited to meet lots of Quilter Financial Planning firms at their Autumn 2024 Syndicate events. How can our award-winning platform power your business – beginning today at the 5-star Culloden Estate in Belfast? If you’re going to these events this autumn, head over to our exhibition stand and say hello to John, Paula and Greg from our team. We’d love to see you.

We are absolutely delighted to have won the Adviser technology provider of the year award at this evening's Money Marketing Awards, congratulations to all the other winners this evening 🎉 We are immensely proud of our team and grateful to our clients and partners for their continued support. #MMAWAWARDS24

Commenting on the latest GDP data from the ONS, Abhimanyu Chatterjee, Chief Investment Strategist at Dynamic Planner said: “Different Government, same story – though, honestly, none of us had expected the story to change but there was hope of improvement with forecasts coming in at 0.2%. Contrary to expectations, UK GDP stalled for a second consecutive month in July, after showing no growth in June. Services grew by 0.1%, while manufacturing decreased by 0.8%. More worryingly, construction output decreased by 0.4%. This highlights systemic woes in the UK economy, none of which are new or should come as a surprise to us. “The latest print of growth turns the focus on the Bank of England’s interest rate decision in September, where no rate cut is expected, as well as the budget in October. Though the central bank has already forewarned of rates being held in September, interest in the message delivered by the budget increases – will there be policies supporting growth or will it be another airing of grievances against the policies of the previous government? The latter may be politically opportune, but the former is imperative as growth is fundamental to a path out of the quagmire that the economy finds itself in. In the meanwhile, the pessimists among us could have a quiet voice reminding them about the play “Waiting for Godot”, the one in which nothing happens – twice.”