Advisers have backed Government proposals to abolish rules that prevent people aged 75 and over from claiming tax relief on pension contributions. Chancellor George Osborne announced plans to fundamentally redesign the UK private pensions system in his Budget speech earlier today. Under the proposals, anyone aged 55 or over will be able to take their […]
The FCA has warned the industry to move away from the “tick box” compliance culture created by its predecessor. Speaking at the FCA’s Canary Wharf offices last night, FCA director of supervision Clive Adamson said a significant challenge facing the industry is compliance is still focused on adherence to a strict set of rules, while […]
Many years from now, long after Iain Duncan Smith is departed from his ministerial labours, what will the world say about him? Will he be lauded as the person who – virtually single-handedly – managed to reform the UK’s welfare system and make working for a living worthwhile again for hundreds of thousands of people previously […]
The Government is extending the Freedom of Information rules to more private companies that carry out public functions. Speaking in the House of Commons today, justice minister Simon Hughes set out a radical extension of the transparency laws which could be rolled out as quickly as this year. The Freedom of Information Act forces some […]
According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]