Editors Pick Money Marketing

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Mega Merger: What does the £5.6bn Aviva/Friends Life deal mean for advisers?

The proposed £5.6bn mega-merger of Aviva and Friends Life will result in thousands of job losses and rock the foundations of the UK pensions, protection and investment industries, experts are predicting. Last week, the Aviva and Friends Life boards revealed detailed discussions on the biggest pension deal in years. The Friends Life board has indicated […]

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Shot full of holes: Fatal flaws remain as pension freedom looms

Gaping holes remain in the UK’s pension architecture days before the most radical savings overhaul in almost 100 years are introduced. While the Government has undoubtedly gained political capital from the changes, the rapid pace of reform has left dangerous gaps in the fledgling system. Providers are required to give tailored risk warnings when customers […]

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Close Sesame: What next for Sesame Bankhall members?

The UK’s largest advice network will soon be a network no more, at least as far as its investment members are concerned. After over two years of wrangling, of rumours of sales, management buyouts and plans to carve out its mortgage arm, Sesame Bankhall Group finally has an outline for its future. Following a shock […]

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Raising the bar: Professional bodies in race to higher qualifications

Overhauled standards for firms unveiled by the Chartered Insurance Institute are essential to weed out firms “masquerading” as chartered, advisers say. Last week, Money Marketing revealed chartered firms must ensure a quarter of their advisers are chartered by July 2017, rising to half by January 2020. Previously, the CII required chartered firms to have one chartered […]

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Power shift: Do advisers need to change ‘old school’ attitude to female clients?

The advice sector must be prepared to deal with a dramatic shift in economic power from men to women by changing its “old school” attitude towards female clients, experts argue. Research by US firm the Boston Consulting Group predicts a “revolution” in female spending power which will drive a $6 trillion global increase in earned […]

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Under pressure: Is the pensions guidance service about to blow up?

The Government’s guidance guarantee could collapse under initial demand and create a “lottery” of inconsistent quality as key questions remain unanswered just 11 weeks from launch. After the National Savings and Investments website crashed last week an hour after pensioner bonds paying up to 4 per interest became available, worryingly scant detail is available from […]

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Revealed: How advisers are really charging post-RDR

Experts are warning the FCA could intervene on adviser charging structures, as research reveals up to 90 per cent of firms are operating a percentage-based fee model. Following another warning by FCA chief executive Martin Wheatley on contingent charging models, Money Marketing reveals how firms are really charging and how fee models are set to […]

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Neil Woodford: The challenges ahead for UK and global equities

As an active fund manager, it should come as no surprise to read that I do not subscribe to the efficient market hypothesis. If markets were efficient, there would be no need for active fund managers like me. My investment philosophy is based on a belief the market can, and often will, get things spectacularly […]

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Stay of execution: Have providers dodged a bullet on annuity misselling?

Pension providers’ failure to alert customers to the benefits of shopping around have been exposed yet again by the latest FCA investigations into the retirement market. Insurers have so far escaped regulatory sanctions, despite claims annuity “misselling” has cost savers billions of pounds. The FCA has not, however, ruled out future enforcement on the back […]