Until comparatively recently, all but a very few advisers considered investment trusts to be outside their remit.
Despite £16bn in consumer redress some firms are still refusing to face up to what they have done.
Some advisers’ clients may be held on a platform for historical reasons rather than being the adviser’s actual platform of choice.
Slowly the wheel has turned, and many IFAs now seem ready to build a bit more scale on top of the solid foundations they have carefully built
Asking simple questions often provides a useful means of highlighting how perceptions can differ from reality.
The old adage that “rules are for the guidance of wise men and the obedience of fools” has never been more appropriate.
Do those eyeing an online advice offering face a struggle?
We need to be radical on this, and it is not enough to tinker around the edges.
Booking Westminster Abbey for a morale boosting staff meeting seems fitting for an increasingly powerful taxman.
It is hard to envisage a scenario where a mandate is switched every time a good manager moves on.
My golden rule is that I deal only with clients I like.
Three hours I have spent wrestling with Gabriel, bringer of despair, who demands pointless information just to keep someone in Canary Wharf in a job.
Why do different rules apply to adjudicator and ombudsman decisions?
No wonder some members are asking what’s the point of staying in the trade body.
Recorded meetings are just the tip of the iceberg in terms of what actually goes on between the Government, the regulator, and firms.
Five years ago no one imagined the combination of events which have led to the protection market being in the state it is now.
Anthony Bolton handing the reins to Dale Nicholls in April may signal a turn in fortune for Fidelity China Special Sits.
What does the latest EU review tell us about retail financial services?
Alan is well-known for his dislike of the FOS, which he repeats at regular intervals.
Proposed changes by HMRC to the tax disclosure regime are a cause for concern.
L&G’s decision to quit the ABI immediately led to speculation that other major insurers could follow suit.
The FCA is again pushing the importance of adequate risk-profiling.
The recovery in global markets continues to evolve, with ramifications for a number of areas, and therefore by implication for multi-asset funds.
Adviser disquiet about picking up a substantial part of the cost of the proposed guidance service is understandable.
The final instalment in Tony Wickenden’s six-part series of how IHT rules may apply to relevant property trusts, depending on the individual circumstances of the trust and when it was established.
Deciding whether to specialise or generalise requires analysis of your firm’s capabilities and the attractiveness of each market.
Will your advice model become extinct or survive among the fittest?
Commodities have not been a popular asset class among investors in recent years – for good reason.
With the Scottish referendum looming, perhaps certain areas of the pension industry ought to be more advanced by now, in case of a yes vote.
Providers’ bleating that they do not give advice ignores a basic premise. Caveat emptor should not be a defence.
I applaud the Government’s ultimate policy aim, but in terms of achieving their objective, the latest report looks like shooting themselves in the foot.
The 30-day transfer requirement for ‘standard’ Sipp commercial property is an important distinction.
We must be clear where the gaps are and ways in which they can be filled - one of the most crucial issues to address will be the interaction with suitability requirements.
Show me another industry where rip-offs and deceit have been eradicated – politicians, regulators?
In the early days of RDR-speak, advisers were promised a regulatory dividend. That has yet to materialise and yet advisers are hauled over the coals for overpromising and underdelivering.
Most savers don’t need the complex and expensive guidance service being proposed by the Government.
Cynical journalists are often berated for focusing on the bad and not doing enough to highlight the good.
One of the benefits of the new pensions revolution was supposed to be the freedom to access some or all of your retirement funds at 55.
With sight of the new rules I can consider my clients with a feeling of positivity.
The FCA is threatening enforcement action if firms do not address concerns raised in recent RDR thematic reviews.