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.
Platforms should brace themselves for a difficult second half of the year as sluggish Isa sales led to a soft second quarter, consultancy Fundscape says. Fundscape’s latest platform market figures show total platform assets – including the advised and direct-to-consumer sectors – grew by £32bn to £604bn in the second quarter of the year. However, […]
Advisers giving defined benefit pension transfer advice can expect to pay nearly double for their professional indemnity insurance premiums at the next renewal than those who do not advise in that area. QPI, which is part of insurance broker PIB Group, says advisers with DB exposure can expect to pay between 2 per cent and 3 […]
Back in April, I wrote a piece explaining why investors shouldn’t give up on bonds just yet. Given the heightened volatility in equity markets this year, I thought it might be a good idea to take a closer look at this asset class, too. The VIX index, which predicts market volatility and is known as […]