What does “restricted” advice really mean nowadays? Some see this as a question of semantics, others one of outcomes. Either way, the debate was reignited again a few weeks ago by consumer group Which? and its probe into St James’s Place. In a mystery shopping exercise, it found three of the 12 advisers visited did not […]
This is my last editorial column for Money Marketing, and the last day that I will oversee the team as editor. Over the last seven years as part of Money Marketing I have seen two regulators, three governments, two advice market reviews and countless (and I mean countless) FCA consultations. Money Marketing is known for […]
The Government and the regulator have the opportunity to head off a disaster before it happens.
Interventions are most effective when they are personalised and applied during ‘teachable’ moments
There is a dangerous lack of curiosity for what experts have to say these days, and a preference for what everyone else does or thinks on social media.
Is it inevitable that all large life and pensions companies will look to become vertically integrated? It certainly seems the tide is shifting that way. Prudential, not content with quietly building up its advice arm to more than 300 advisers over the last few years, announced yesterday it wanted to fully integrate its asset manager […]
I have met many advisers in my career, starting as a broker consultant back in the 1970s (when they were product salesmen) and continuing as a “big four” consultant since, working for those involved in the long-term savings, investment and protection sectors. In that time, I have also moderated dozens of adviser workshops at various […]
For much of the last decade, it seemed that central bankers had won the inflation ‘war’ and that inflation was dead. Indeed, inflation was so dead that if you were Japanese or European, you were probably more worried about deflation. As is often said, central banks don’t really do deflation, so they were quick to […]
Attempting to carry out work for a client without independence must be frustrating at least; disingenuous at worst
The arrival of the FCA’s retirement outcomes review has seen industry voices focus on the absence of people blowing their pensions on Lamborghinis and the presence of a “drift to cash”. But is anyone surprised by either of these findings? There was never any reason to believe people would blow their savings overnight on luxuries, […]
About 15 years ago, as I was about to embark on a new career as a self-employed journalist, it occurred to me one potential additional string to my bow might be that of a money coach. There was no regulated activity involved: for those whose likely needs included product-related financial planning, I offered guidance on […]
Getting it right will improve retention rates, consumer trust and, most importantly, help more clients and their families claim.