The Morning Briefing: TISA urges 12% auto-enrolment contributions; Why do some advisers fail?
Good morning and welcome to your Morning Briefing for Tuesday 14 July 2026. To get this in your inbox every morning click here.
TISA calls for auto-enrolment contributions to rise to 12%
The Investing and Saving Alliance (TISA) has urged the Pensions Commission to set out a timetable for increasing minimum auto-enrolment pension contributions to 12%.
The trade body warned that current contribution levels are unlikely to deliver adequate retirement incomes for millions of savers.
In its response to the Commission’s interim report, TISA proposed phasing in the increase over six years while allowing flexibility for different incomes and circumstances.
Why do some advisers fail?
A few months ago, there was a spate of confessional LinkedIn posts from aspiring advisers, who had decided to leave the profession, writes Dan Wiltshire, an independent financial planner at Wiltshire Wealth.
These were highly credible individuals (often with successful previous careers), who had clearly put in a lot of effort, but it hadn’t worked out.
It got me thinking about why this might be – there’s a lot of discussion within the profession about ‘what it takes to succeed’ but I think inverting this and asking ‘why do some advisers fail’ could be more enlightening.
Quote Of The Day
Britain doesn’t need another headline reform. It needs a reason for its wealth creators to stay
-Nigel Green, CEO of deVere Group, says Andy Burnham’s tax plans could trigger the UK’s biggest wealth flight in a generation
Stat Attack
Three in ten UK adults wouldn’t feel wealthy if it wasn’t for the financial support of parents or grandparents, according to new consumer research from Flagstone. Key findings:
30%
of UK adults say they would not feel wealthy without financial support from their parents or grandparents. Millennials are the most dependent on family support, with
46%
saying they would not feel wealthy without help from parents or grandparents, compared with 44% of Gen Z. Reliance on family support is highest among higher earners, with
51%
of those earning more than £80,000 saying they would not feel wealthy without parental or grandparental assistance.
54%
of people with £300,000-£500,000 in mortgage debt also say family support is key to feeling wealthy
40%
of UK adults say they earn a good income but still feel financially squeezed. Only
36%
of UK adults say they feel “wealthy enough”, while
56%
are unsure they will ever feel wealthy during their lifetime. Millennials are the least optimistic, with
64%
saying they are unsure they will ever feel wealthy, followed by
60%
of Gen X.
Source: Flagstone
In Other News
Franklin Templeton has appointed Carl Tomlin as business development director within its UK wholesale team, effective from 6 July.
Tomlin joins from First Sentier and has more than 20 years’ industry experience, having also held roles at Aviva Investors and Columbia Threadneedle across the South West, Midlands and Wales.
Harry Reeves, head of UK wholesale at Franklin Templeton, said Tomlin’s appointment reflects the firm’s commitment to strengthening relationships with clients and partners, adding that his regional experience and industry network will support the team’s continued growth.
L&G’s asset management business has partnered with Mabel Insights to launch an analytics portal for advisers using its Model Portfolio Service (MPS).
The portal provides access to portfolio analytics, performance attribution, asset allocation, historical portfolio views and comparative reporting, giving advisers greater insight into portfolio performance and risk.
The service was developed in response to growing demand from advisers for greater transparency and more sophisticated portfolio analysis, helping firms strengthen investment oversight, due diligence and client reporting.
Martin Coyle, co-founder of Mabel Insights, said advisers are placing greater emphasis on investment oversight and due diligence.
Dynamic Planner’s latest Financial Happiness Index found UK financial happiness declined in June as political uncertainty weighed on consumer confidence.
Financial happiness started the month strongly but fell sharply around 20–21 June, with emotional resilience hit hardest ahead of Keir Starmer’s resignation announcement on 22 June.
However, financial resilience remained relatively stable, suggesting underlying financial security was largely unaffected.
The monthly index is based on responses from more than 4,000 advised or advice-seeking consumers and measures financial resilience, emotional resilience, and financial knowledge and confidence.
From Elsewhere
How the UK’s telecoms industry became a billionaire’s playground (Financial Times)
Europe set for strongest earnings growth in years: taking stock (Bloomberg)
Trump invested crypto gains in stocks and bonds, filings show (Reuters)
Did You See?
The UK financial landscape is no stranger to a ‘gap’, writes Brian Byrnes, director of personal finance at Moneybox.
The retirement preparedness gap as detailed by the UK Pensions Commission’s interim report, the gap in home affordability as a result of surging property prices over the last three decades, and the advice gap that sees just 9% of UK adults receiving regulated financial advice in the last 12-months.
Yet these challenges are too often discussed in isolation when, in reality, they are deeply interconnected. Encouragingly, the Pensions Commission begins to join those dots. It recognises that retirement outcomes are shaped by far more than pension contribution rates alone.
