The Association of British Insurers has warned its life and pensions members they could soon face Financial Services Compensation Scheme levies if the FCA goes ahead with plans for providers to contribute for adviser failures. The ABI regulation team recently met the FCA to talk about the FSCS funding review. An ABI note, seen by […]
If it was not for the RDR rearing its head when it did, it would have been many years since most of us gave any thought to the way in which we learn and retain information. With the average age of advisers currently standing at 58, those that had not actively pursued non-mandatory professional qualifications […]
Life was simple back in the days before pension freedoms. Drawdown was considered a complex product that generally needed advice, shopping around was always a good idea and retirement savings were meant to last a lifetime. But this all changed on 19 March 2013 when then-chancellor George Osborne took the cork out of the bottle. […]
The FCA plans to include a review of absolute return funds in its asset management market study, according to reports. The FT reports that the regulator is investigating absolute return funds amid poor performance and the flood of money to the strategies in recent years. A spokesperson for the regulator told the newspaper: “We are […]
By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]