Stephanie Hawthorne

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Are IFAs missing out on workplace wins?

The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]

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Risk labels ‘meaningless’ to ordinary investors

Risk labels have become meaningless and may mislead the ordinary investor, according to digital wealth manager Scalable Capital. One in five British investors do not know the potential level of loss that they could experience in a “cautious”, “balanced” or “aggressive” portfolio, and fund values can often fall a lot more than they expect. 71 per […]

ABI pushes for legislation on dashboard data-sharing

The report calls for state pension information to be made available on a pension dashboard from day one The Association of British Insurers has called for legislation to ensure pension providers and schemes make their data available for pensions dashboards. A report published today by the pensions dashboard project group, which is managed by the ABI […]

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Govt ‘alive’ to Brexit risk for expat pensions

The Government has said it ‘alive’ to the risks Brexit could pose to expat pensions after starting talks with the industry over safeguards. The chair of the influential Treasury select committee Nicky Morgan wrote to Chancellor Philip Hammond last month sounding a warning over the future of long-term pensions and insurance policies that are currently sold by UK companies […]

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Hargreaves Lansdown unaffected by Brexit as revenues jump

Hargreaves Lansdown benefited from a number of transfers due to “operational issues” at a competitor Brexit concerns have not affected Hargreaves Lansdown’s performance with assets under administration reaching £82bn in the three months to 30 September, up 4 per cent since the previous quarter. The arrival of Vanguard’s UK retail platform in May also did […]

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Scottish Widows signs new protection underwriting deal

Scottish Widows is the latest protection provider to offer partially underwritten quotes through The Exchange, Iress’ online comparison quote and transaction portal. Products available through Scottish Widows Protect, the company’s intermediary protection proposition, will be added to the portal. Providers on Iress’ enhanced underwriting service now include Scottish Widows Protect, AIG Life, Aegon, Aviva and […]

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Selectapension set to restart DB transfers next year

Major defined benefit transfer provider Selectapension Bureau Services has said it should be able to resume business for new clients early next year after being caught up in the regulator’s review of the market. SBS suspended its DB pension transfer business in June after the FCA audited of its outsourced advice firm CFPML. SBS can […]

DB transfer values drop 4 per cent in September

Xafinity attributes the drop in DB transfer values to an increase in gilt yields Average transfer values dropped over September, falling by 4 per cent from £240,000 at the start of the month to £230,000 by the end of the month. According to the Xafinity Transfer Value Index, the difference between maximum and minimum readings […]

TPR intervenes in 281 suspected scams since 2012

The year with the most interventions for suspected scams was 2013/14 when TPR used its powers 87 times  The Pensions Regulator has used its enforcement powers in 281 cases of suspected scams since 2012, according to data published on its website. The Freedom of Information Act request shows TPR has used its powers in 16 […]