80 per cent say they will not advise on selling annuities.
Pensions Institute director David Blake launches stochastic software for advisers.
Existing drawdown customers exposed by HMRC reporting requirements.
New ‘safeguarded benefits’ definition conflicts with existing rules.
Sipp provider says complex pensions landscape best navigated through advisers.
Networks and compliance experts are warning advisers against using ‘insistent’ customer processes to appease clients trying to transfer out of defined benefit schemes.
Provider reluctant to give advisers pension input period info.
The Government must accelerate reforms of the Money Advice Service or risk wasting huge sums of advisers’ money, MPs warn.
Aviva has backtracked on plans to offer customers guidance on what to do with their pensions in favour of an “information-only” service.
Scott leaves the Chartered Insurance Institute in March 2016 after 16 years with the organisation.
Analysis by Money Marketing suggests FCA’s warning notices strategy is ineffective.
Martin Lewis has offered to support MAS in reviewing the findings of the Farnish report after being invited to join a ”challenger panel”.
HSBC is to relocate the head office of its ring-fenced retail and business banking operations to Birmingham.
George Osborne has disputed claims incoming pension freedoms will leave savers prey to “rip-off merchants”.
Users asked to wait two weeks for appointments.
Former IFA David Gerald Dixon, who created a multi-million pound Ponzi scheme, has pleaded guilty to five charges of fraud.
Transfer bureau aims to help advisers comply with tighter controls on pension transfers.
Adviser consolidation firm Succession has recruited Sesame IT director James Stevenson as group operations director.
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.
But investment returns rise to 11.4 per cent.
Regulator urges savers to be vigilant as fraudsters target pension pots.
Observers have slammed plans for MAS to self-assess before a further Government review.
MAS should halve its budget for consumer education following a complete restructure, according to a Government-commissioned report.
Advisers say the CII is still behind the IFP despite chartered standards overhaul.
Start-up promises scheme set up “in minutes”
Mary-Anne McIntyre will join the provider as chief distribution officer.
Pensioners who want to swap their annuities for cash or drawdown face a “minefield” and need to be protected by advisers.
Individuals could be required to obtain minimum number of quotes before sale.
The increased bank levy will raise £5.3bn across the forecast period.
“Retrograde” move tempered by link to CPI.
Pension lifetime allowance will be indexed from 2018.
Innes Miller joined the provider in 2013 from Threesixty Services.
Palatine Private Equity completes £8.6m purchase of John Charcol and TF Financial Planning from Towergate.
Integrated payroll uses Papdis data standard.
Just one of 44 FCA-mandated reviews led to any enforcement action in 2013/14, equivalent to 2 per cent of all cases.
Creating a secondary market to allow people to sell on their annuities is a vote grabbing initiative fraught with risks, warn pension experts.
Firm has £40m of funds under management and 500 clients.
Consolidator incurred £6.8m in listing costs, of which £197,000 was written off last year.
Judge rules case comes ‘nowhere near’ to harrassment.
Association of Consulting Actuaries wants to raise tax free advice threshold to £500.