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Unwilling advisers threaten Govt tradeable annuites plan

27 March 2015 3:06 pm | By Sam Brodbeck

80 per cent say they will not advise on selling annuities.

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Pensions Institute director unveils modelling tool

27 March 2015 1:00 pm | By Sam Brodbeck

Pensions Institute director David Blake launches stochastic software for advisers.


Thousands of flexible drawdown savers risk sleepwalking into reporting fine

27 March 2015 11:43 am | By Sam Brodbeck

Existing drawdown customers exposed by HMRC reporting requirements.

Comments (2)


Aegon writes to DWP over 'safeguarded benefits' confusion

27 March 2015 11:00 am | By Sam Brodbeck

New ‘safeguarded benefits’ definition conflicts with existing rules.


Talbot & Muir calls time on non-advised business

27 March 2015 10:15 am | By Sam Brodbeck

Sipp provider says complex pensions landscape best navigated through advisers.

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Just say no: Fears grow over 'insistent' transfers regulatory backlash

27 March 2015 9:30 am | By Sam Brodbeck

Networks and compliance experts are warning advisers against using ‘insistent’ customer processes to appease clients trying to transfer out of defined benefit schemes.

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Advisers frustrated by ScotWids' 'appalling' pension input period policy

27 March 2015 9:30 am | By Sam Brodbeck

Provider reluctant to give advisers pension input period info.

Comments (4)


Govt urged to accelerate reform of 'waste of money' MAS

26 March 2015 3:00 pm | By Mark Sands

The Government must accelerate reforms of the Money Advice Service or risk wasting huge sums of advisers’ money, MPs warn.


Aviva U-turns on pension guidance plans

26 March 2015 2:30 pm | By Sam Brodbeck

Aviva has backtracked on plans to offer customers guidance on what to do with their pensions in favour of an “information-only” service.

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CII chief exec Sandy Scott to stand down

26 March 2015 9:42 am | By Sam Brodbeck

Scott leaves the Chartered Insurance Institute in March 2016 after 16 years with the organisation.

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Under the radar: Why the FCA must do more to shut down pension scams

26 March 2015 8:30 am | By Tessa Norman

Analysis by Money Marketing suggests FCA’s warning notices strategy is ineffective. 

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Martin Lewis aiming to join MAS review ‘challenger panel’

25 March 2015 3:32 pm | By Mark Sands

Martin Lewis has offered to support MAS in reviewing the findings of the Farnish report after being invited to join a ”challenger panel”.

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HSBC to relocate retail banking head office to Birmingham

25 March 2015 8:42 am | By Valentina Romeo

HSBC is to relocate the head office of its ring-fenced retail and business banking operations to Birmingham.


Osborne plays down pension freedoms misselling fears

24 March 2015 4:45 pm | By Mark Sands

George Osborne has disputed claims incoming pension freedoms will leave savers prey to “rip-off merchants”.

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Pension Wise access details confirmed

24 March 2015 1:46 pm | By Sam Brodbeck

Users asked to wait two weeks for appointments.

Comments (2)


Former adviser pleads guilty to Ponzi scheme fraud

24 March 2015 10:38 am | By Tom Selby

Former IFA David Gerald Dixon, who created a multi-million pound Ponzi scheme, has pleaded guilty to five charges of fraud.

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SimplyBiz launches pension transfer outsourcing service

23 March 2015 3:25 pm | By Sam Brodbeck

Transfer bureau aims to help advisers comply with tighter controls on pension transfers.


Succession recruits Sesame IT director

23 March 2015 3:22 pm | By Tom Selby

Adviser consolidation firm Succession has recruited Sesame IT director James Stevenson as group operations director.


Apfa calls for regulatory budgets freeze in advice 'manifesto'

23 March 2015 3:14 pm | By Tom Selby

Apfa is calling for regulatory budgets to be frozen and reporting requirements slashed as part of a package of reforms designed to dramatically cut advisers’ costs.

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LV= reveals with-profits bonus rates as investment returns surge

23 March 2015 1:42 pm | By Sam Brodbeck

But investment returns rise to 11.4 per cent.

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FCA steps up scams campaign ahead of pension freedoms

23 March 2015 10:36 am | By Sam Brodbeck

Regulator urges savers to be vigilant as fraudsters target pension pots.


'Like asking a school child to mark their own homework': Govt under fire over MAS review response

20 March 2015 2:59 pm | By Mark Sands

Observers have slammed plans for MAS to self-assess before a further Government review.

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MAS faces £20m budget cut as Farnish review proposes radical overhaul

20 March 2015 1:00 pm | By Mark Sands

MAS should halve its budget for consumer education following a complete restructure, according to a Government-commissioned report.

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Raising the bar: Professional bodies in race to higher qualifications

20 March 2015 8:30 am | By Tessa Norman

Advisers say the CII is still behind the IFP despite chartered standards overhaul. 

Comments (10)


Smart Pension launches SME auto-enrol platform

19 March 2015 1:26 pm | By Sam Brodbeck

Start-up promises scheme set up “in minutes”

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Openwork chief exec exits for Old Mutual

19 March 2015 11:09 am | By Tessa Norman

Mary-Anne McIntyre will join the provider as chief distribution officer. 

Comments (2)


Cash for access: Chancellor's 'scorched earth' reforms open annuities minefield

19 March 2015 8:18 am | By Sam Brodbeck

Pensioners who want to swap their annuities for cash or drawdown face a “minefield” and need to be protected by advisers.

Comments (9)


Budget 2015: Govt eyes £30k advice step for tradeable annuities

18 March 2015 2:11 pm | By Sam Brodbeck

Individuals could be required to obtain minimum number of quotes before sale.

Comments (9)


Budget 2015: UK bank levy to rise

18 March 2015 1:59 pm | By Valentina Romeo

The increased bank levy will raise £5.3bn across the forecast period.


Budget 2015: Experts slam pensions allowance cut but back inflation link

18 March 2015 1:52 pm | By Sam Brodbeck

“Retrograde” move tempered by link to CPI.

Comments (6)


Budget 2015: Govt cuts lifetime allowance to £1m; links limit to inflation

18 March 2015 1:07 pm | By Sam Brodbeck

Pension lifetime allowance will be indexed from 2018.

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Standard Life head of adviser business solutions exits

17 March 2015 2:18 pm | By Tessa Norman

Innes Miller joined the provider in 2013 from Threesixty Services. 


Former Towergate chief Ian Darby returns as £8.6m deal completes

17 March 2015 1:43 pm | By Paul Thomas

Palatine Private Equity completes £8.6m purchase of John Charcol and TF Financial Planning from Towergate.

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GenLife launches for SME auto-enrol market

17 March 2015 12:27 pm | By Sam Brodbeck

Integrated payroll uses Papdis data standard.

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RPC: Just 2% of FCA S166 reviews led to enforcement in 2013/14

17 March 2015 8:50 am | By Mark Sands

Just one of 44 FCA-mandated reviews led to any enforcement action in 2013/14, equivalent to 2 per cent of all cases.

Comments (9)


Pension pitfalls: Experts warn second hand annuities 'minefield' fraught with risks

16 March 2015 1:13 pm | By Sam Brodbeck

Creating a secondary market to allow people to sell on their annuities is a vote grabbing initiative fraught with risks, warn pension experts.

Comments (21)


Bellpenny acquires Surrey-based IFA

16 March 2015 9:50 am | By Tessa Norman

Firm has £40m of funds under management and 500 clients. 

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AFH profits hit by costs of listing on Aim

16 March 2015 8:46 am | By Natalie Holt

Consolidator incurred £6.8m in listing costs, of which £197,000 was written off last year.

Comments (1)


Retired IFA John Calland loses appeal in FSA harassment case

13 March 2015 3:20 pm | By Tessa Norman

Judge rules case comes ‘nowhere near’ to harrassment. 

Comments (10)


Actuaries call for employer-funded advice tax breaks

13 March 2015 3:00 pm | By Sam Brodbeck

Association of Consulting Actuaries wants to raise tax free advice threshold to £500.

Comments (1)

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