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Compliance tip of the week: Research your products

Research products and their associated risks. Do not allow product providers to sell to you. Many of the major misselling incidents of recent years had at their heart a very successful salesman flogging his product to IFAs. All too often, the adviser had no idea what was in the product or the risks to which anyone holding it was exposed.

In some cases, such as life settlement funds, there was academic literature in the form of a report from CASS Business School which set out the concerns that an adviser should have had about these types of funds. Research – do not be sold to.

Adam Samuel is an independent compliance consultant



Scottish Widows to implement charge cap early ahead of ‘comprehensive’ review

Scottish Widows plans to implement the 0.75 per cent auto-enrolment charge cap for new members this month ahead of a “comprehensive review” of the provider’s existing book of business. Last month, pensions minister Steve Webb confirmed plans to introduce a 0.75 per cent limit on default fund fees from April 2015. The announcement has forced […]


Standard Life hits small firms with £1,200 fee following charge cap

Standard Life will impose a £1,200 a year fee on small employers who have agreed auto-enrolment terms with the provider above the 0.75 per cent charge cap. Last month, pensions minister Steve Webb confirmed any scheme with a charge above 0.75 per cent would not be eligible for auto-enrolment from April 2015. In March, Standard […]


Nic Cicutti: Advisers seem unable to provide basic info on costs

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Ian McKenna: Advisers are not immune from the rise of online

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Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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