23 September 2010
John Lawson says the age 75 consultation proposals on income drawdown are welcome but not the huge charge that comes with it.
Nic Cicutti says the FOS should address the fact that many financial advisers are forced by their networks to bear the cost of complaints made against them.
It would be nice to have all the RDR details nailed down by now so businesses could push on with the changes needed to stay in operation.
Dev Malle says it is important the FSA imposes the right level of regulation on interest-only mortgages.
Chris Gilchrist says index trackers have all the superficial charm of structured products as well as plenty of less visible disadvantages.
PFS president Eddie Grant says the chartered brand will replace the independent label as the premium level of financial advice in the eyes of consumers.
Advisers should not be alarmed if the Chartered Insurance Institute’s gap-fill tool shows up a lot of holes in their learning, according to PFS chief executive Fay Goddard.
Phil Billingham says there are four models of remuneration and IFAs must practice how they will structure their fees.
“IFAs must demonstrate a different way of doing things, not in theory but in practice, with the public, bottom-up, not top-down.”
The IFP says it made a surplus of £84,000 in 2009 and has paid back two directors who loaned the trade body £75,000 in 2008.
IFAs will not be allowed to use the IFP to set up an unregulated financial planning firm to avoid the RDR.
Labour shadow pensions minister Angela Eagle on the future of pensions and why the financial services sector is failing to connect with the masses.
Paul Thomas reports on a split in the mortgage industry over the impact of the new capital requirements for banks.
10 MINUTES WITH…ABU LEIL-COOPER.
“Sorry the phone cut out - I was just passing Stonehenge”
Experts are warning that the Nest rollout must not be hindered by Government plans to overhaul the pay as you earn tax system.
The Govt is considering setting up the PRA on the basis that it can implement rule changes without consulting the industry, experts warn.
Lee Jones assesses reaction from IFAs on the choice of offering restricted advice.
Skandia calls on HMRC to scrap the lifetime allowance on pension savings in an attempt to help more people save for retirement.
“If Difs are off the agenda and RDR jumps into life on January 1, 2013 as currently proposed, it will accelerate the demise of the IFA - which can’t be a good thing for consumers.”
Billy Burrows says the ultimate retirement product will balance annuity and drawdown
Aviva protection director Richard Verdin says the road to 2012 is going to be tough but those who survive the range of change should see the benefits in the long run.
Standard Life has warned occupational pension scheme trustees to make sure their plans do not have more than 5 per cent invested in their sponsoring employer.