Former LV= pensions head Ray Chinn has joined Government-backed auto-enrolment Nest. After 10 years at LV= Chinn left the firm in March. He has now joined Nest as head of retirement options. Chinn was also deputy chair of the ILAG Wealth Management Strategy Group until January this year, and was a product development manager at […]
Nearly 90 per cent of advisers say they won’t shift platform despite provider backtracking on replatforming deal Advisers have said they are likely to stick with Old Mutual after the provider cut ties with its replatforming provider IFDS. Last week, Old Mutual announced it had cancelled the estimated £450m deal to update its current technology […]
Living up to the name of his business, Candid Financial Advice director Justin Modray thinks most advisers charge too much for what they provide. It is a bugbear he speaks about regularly, provoking criticism from those who attribute rising advice costs to an increased workload post-RDR and pension freedoms. So what does he see as […]
Those with long memories will remember that in the run up to the 2010 general election there was much talk from the Conservative Party around a rather nebulous beast – The Big Society.
By Mark Martin, Head of UK Equities, Neptune Investment Management The start of 2016 has been one of the most tumultuous periods in recent years for UK markets, with the FTSE 100 Index briefly entering bear market territory in the middle of January. Fuelled by a collapse in the oil price and escalating concerns over […]
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FCA chief executive Andrew Bailey is calling for regulators to back a proposed implementation period after Brexit to avoid an economic “cliff edge”. Speaking at The International Financial Services Forum today, Bailey continued pushing for cooperation between the British and European regulators, this time pointing to preserving financial stability. He says: “Brexit has global implications, […]
Prudential must compensate a customer whose transfer value was significantly reduced after a meeting with an in-house adviser. According to a Financial Ombudsman Service decision, the customer, called Mr L, was told on 2 March 2017 that the transfer value for his pension policy was £141,981. He met with a Prudential adviser, who recommended he […]
Choosing the right system is one of the most important decisions an advice firm will make. Here is a review of the best out there. Last month I looked at the four foundations of a solid adviser technology strategy. The first of these was the practice management system. Studies have found that between 20 and […]