There are 5,210 directly-authorised mortgage intermediary firms in the UK, according to Financial Conduct Authority figures. The FCA says those firms employ 34,105 approved people, and that there are an additional 14,169 appointed representatives as of 10 January 2018. The regulator revealed the data following an anonymous Freedom of Information request. Figures or estimates on […]
Sesame must compensate a client who complained she was missold a personal pension by one of the network’s former appointed representatives. According to a Financial Ombudsman Service decision, in 2002, Mrs P met with an adviser of a business that was at the time an appointed representative of Sesame. Following this meeting Mrs P agreed […]
Advisers can help clients make some substantial tax savings The beginning of April heralded a new tax year and this brings updated tax allowances. Some of these new allowances can offer little gems to create value for clients and launch wider conversations about retirement planning in general. One such allowance is the marriage tax allowance, […]
Pensions minister Guy Opperman has said auto-enrolment and the increased state pension could help minimise the future costs of workplace pension schemes. In a House of Commons debate yesterday, Opperman was faced with several questions about pension schemes’ fees and charges from Labour MP Kelvin Hopkins. Hopkins put to Opperman that all private pension schemes – […]
A recent survey of employers, carried out by Jelf Employee Benefits, suggests that many employers intend to utilise the new Fit for Work service in some form as an absence management tool.
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