Financial advisers around the world face a new frontier of challenges, including increased fee pressures, tightening regulations, growing competition from automated advice platforms and continued market volatility. In order to better position themselves for business growth, advisers will need to assume three key roles.
The Chartered Institute for Securities & Investment has committed to spending £35,000 per year on promoting financial planning following its merger with the Institute of Financial Planning. The £35,000 pledged by the CISI is in addition to the £35,000 the IFP currently spends on marketing its accredited firms brand, which it will continue to do […]
The Government and the FCA have been labelled “frustrating” and accused of “navel gazing” for for failing to deliver a solution to the advice gap. Speaking at the Institute of Financial Planning’s annual conference in Newport today, Partnership chief executive Steve Groves said it is time for the regulator to “step up to the plate” […]
The Department for Work and Pensions could force providers to notify divorcees that their former partners are accessing pension savings, the FCA says. In January Money Marketing reported on pension lawyers warning that the reforms added a “layer of complexity” to the way pensions are shared on divorce. In a consultation paper published last week, […]
Pension savers have until 6 October to take advantage of the Government’s temporary relaxation of the ‘buddy rules’ on pension transfers. Last year’s Finance Act relaxed the requirements for people who want to transfer to a new scheme to take advantage of the pension freedoms, as well as allowing them to retain their entitlement to […]
What does a well-diversifed portfolio look like? What were the quarterly trends in model portfolios in Q4 2015? The Portfolio Barometer highlights trends uncovered by analysis of 210 model risk-rated portfolios managed by UK financial adviser and wealth management firms in the three months from October to December 2015. The model portfolios under review were […]
- Top trends
- Top trends
- Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
- Martin Lewis wins claim against PPI chaser that used his image
- Scottish Widows mulls Standard Life corporate pensions book takeover
- The future of Cofunds: What next for a platform titan?
- How much are advisers charging for pension transfers?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]