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TVAS firm brings in new report ahead of October deadline

O&M Pension Solutions has changed its systems ahead of an October deadline to help advisers meet new regulations around transfer value analysis reports. From 1 October, the FCA’s new rules mean transfer value analysis reports will be replaced by a combination of a “transfer value comparator” and an “appropriate pension transfer analysis” The transfer value comparator is […]

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deVere Group grows UK footprint

deVere Group’s subsidiary UK Workplace Solutions has had regulatory approval to acquire WPS Advisory, which used to trade as Priscum Direct. UK Workplace Solutions was granted the approval notice from the FCA and will merge WPS under its own brand. deVere Group chief executive Nigel Green says WPS Advisory will focus on people facing “tough […]

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Compliance tip: Meeting FCA expectations on variation of contract terms

Following the withdrawal of guidance on unfair contract terms in 2015, the FCA is now consulting on draft guidance based on current legislation. The move highlights its concerns that contract terms allowing firms to unilaterally vary them may be unfair to consumers and disrupt the balance of power. That said, the FCA does acknowledge the […]

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End in sight for Ascentric replatforming

Royal London expects the migration of Ascentric assets to the new Bravura-backed platform to be completed by the end of the year. Money Marketing reported in July Royal London-owned platform Ascentric had transferred just 10 per cent of assets to its new platform with no date confirmed for the next phase. However, Royal London chief executive Phil […]

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Royal London urges govt to save pensions dashboard

Royal London chief executive Phil Loney has pressed government to commit to the pensions dashboard project, saying the initiative will bring UK savers in line with other countries. In July, The Times reported secretary of state for work and pensions Esther McVey was considering shelving the dashboard because it is not the government’s responsibility. A […]

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The trust equation to build advice around

How do advisers stay relevant in an increasingly automated world? People can equip themselves with an ever-growing armoury of apps and robo solutions to help with their financial planning needs. Why pay for an adviser? As an adviser, your unique selling points are the things that make you human. Your emotional intelligence allows you to […]