Higher revenues are tied to a percentage of assets charging structure.
Regulators and politicians trying to play to consumer interests just end up making access to financial services worse
The charge cap is good news for pension savers but a failure to get employers to engage with auto-enrolment is putting the whole project at risk.
Last year saw offshore bonds written on platforms double and they are likely to account for 50% of sales by the end of 2015.
There is still confusion over what is and what is not independent.
The Budget should encourage a much more favourable view of long-term saving and by blending protection products with investment we have a chance to offer real innovation that will benefit consumers.
The challenge is finding a way of explaining the complex options for many people who still want an income in retirement.
After looking at our business numbers, we realised something has to change.
The abolition of double stamp duty for UK-domiciled funds is long overdue and will help level the playing field.
New Class 3A National Insurance contributions appear to be odds with Government’s annuities claims.
It would be unreasonable and counter-productive to prevent pension companies from speaking to savers.
If an adviser cannot answer client questions on costs, perhaps they are in the wrong job.
Too much of this was agreed right at the finish, when the process is at its most opaque.
Following the Budget pension changes, advisers need to be careful that clients that opt to take their entire pension fund in cash cannot come back in later years to complain they were poorly advised.
A small percentage of the FCA’s annual fines could pay for dedicated, specialist and professional advice for everyone at the point of retirement
Given the extent of network liabilities, it is surprising Tenet’s long-stop petition has so far failed to reach 10,000 signatures.
Editor's comments of the week
Chancellor George Osborne’s proposed pension reforms look like heralding a transformation of the savings landscape
Advisers should be aspiring to deliver the best possible clarity on fees
The furore over the FCA review of zombie fund charges is a red herring, the real issues is the appalling standards of service.
Advisers need to ensure they are meeting their clients’ demands when it comes to communicating and interacting and increasingly this means using the latest technology.
Budget pension changes, charge cap and the closed book review all add up to a month to forget for providers.
Not so long ago pundits were predicting the end of the cult of equities as baby-boomers moved into retirement but the Budget pensions changes mean many people will remain invested into retirement.
The Budget documents set out the Treasury’s thinking behind its plans to provide everyone with free, face-to-face and impartial guidance at the point of retirement