Apfa is urging policymakers and pension providers to do more to explain the costs and benefits of taking regulated financial advice at retirement. In its response to the FCA’s retirement income market study the adviser trade body calls for a consumer awareness drive to improve understanding of the intermediary market. Independent research conducted by NMG […]
“I was going to take her to a gentleman’s club but there weren’t any seats.” Page Russell director Tim Page is later forced to clarify he wasn’t inviting MM hack Tessa Norman to that sort of club. “It’s not going to be one of those websites is it?” Hargreaves Lansdown head of pensions Tom McPhail fears a […]
Small advice firms have created unnecessary problems for themselves by “gold plating” the regulator’s independence requirements, says FCA technical specialist Rory Percival. The FCA published its findings of a thematic review into independent advice this week. Following the review, the FCA says its rules on independence are not as onerous as some advisers believe and […]
Trustnet Direct has been found to be giving investors inaccurate guidance on pension tax relief less than a week after the direct platform’s launch. The fund data provider launched its D2C platform last week with a £200 cap on annual charges and plus £10 fund and share dealing costs. Explaining Sipp tax relief rules on its website, […]
As more and more employers reach their auto-enrolment staging date, thousands of HR, pensions and finance professionals have been tasked with navigating the minefield of ongoing scheme governance and auditing with little support.
Two separate complaints about the clarity of the FCA’s guidance and expectations on Gabriel reporting requirements have been quashed by the Complaints Commissioner. However, the FCA has been asked to waive a late return charge and been asked to make sure debt collection and fees processes on Gabriel reporting are clear. In his report today, […]
Their power over fund selection is only set to increase as more firms adopt centralised investment propositions Fund research and rating agencies have enjoyed a buoyant market in advice firms thanks to the post-RDR rise of centralised investment propositions. While a minority of advisers have chosen to outsource portfolio management, the majority are selecting funds […]
Clients that suffer ill health at a young age can access their pension if certain requirements are met With the recent news that we are not living longer after all, there are questions to be asked as to why this is. Life expectancy increases the older you get, as the fact you made it that […]