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Tim Sargisson: Why the tables are turning for small advice firms

Back in May, I wrote about the pressures building in advice firms due to a shortage of highly skilled staff and the consequent costs in recruiting. With Apfa research finding profits from retail investment advice fell 16 per cent between 2014 and 2016, I thought businesses faced a worrying future. But last month’s FCA Data […]

File image of a pension savings pot

Pensions dashboard petition surpasses 14,000 supporters

Close to 15,000 people have pushed back against alleged government plans to shelve the pensions dashboard by signing a petition. This week it was reported secretary of state for work and pensions Esther McVey’s was moving to scrap the project. The petition, hosted by 38degrees, has collected 14,377 of a target 15,000 signatures in just […]

Trustee brought in to oversee defunct pension firm’s schemes

The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]

British Pounds in a Mouse Trap
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Network to compensate after Ucis advice

Adviser network Online Partnership Limited has been ordered to compensate a former client who was advised to invest a large portion of his self-invested personal pension into two unregulated collective investments. The Financial Ombudsman Service has upheld a complaint from Mr D that was made in response to unsuitable investment advice that he felt did […]

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