Resolution chief executive Gavin Stewart piped in the haggis at the firm’s massive Burns Night bash. The haggis was not to everyone’s taste. Thankfully, Resolution kindly supplied ample whiskey to take the taste away.
Advisers’ FSA fees will rise by an average of 10 per cent to educate the regulator’s staff about the move to principle-based regulation, fund its IT outsourcing and bankroll its financial capability work.Aifa says the inflation-busting hike makes a mockery of the stated aim of the move to principles – to reduce the regulatory burden […]
SimplyBiz has bought Glasgow-based adviser services provider Compliance First in a deal that sees it increase its adviser client base by a third.Around 1,000 registered individuals, representing 205 adviser firms, use Compliance First, giving the combined group 4,000 advisers.Compliance First was owned by managing director Eric Ronald and another unnamed individual. The purchase price has […]
By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]
The Organisation for Economic Co-operation and Development claims behavioural biases and low levels of financial knowledge are undermining people’s ability to make appropriate decisions for their retirement. The OECD’s Pensions Outlook 2018 says automatic features, default options and simple information and choice could combat the lack of financial literacy. The OECD’s view is that automatic enrolment […]
Aviva should pay £500 compensation for the way it handled an investment query that caused stress to a daughter who took power of attorney for her mother. In the Financial Ombudsman Service ruling, Miss S has power of attorney for her mother and complains Aviva delayed providing information about a bond. She goes onto argue […]
Advice is becoming a more risky business, meaning firms must rethink their approach to the issues they face Given the Financial Ombudsman Service’s compensation limit is set to rise to £350,000, it is time for advice firms to rethink their approach to the risks they now face. The FCA’s plan is for the new limit […]