The Pensions Regulator has published guidance and application forms on its website for pension schemes wishing to operate cross-border. UK pension schemes wanting to operate in this way will now need authorisation from TPR.
The Money Marketing campaign regarding supermarkets selling life insurance direct makes some good points regarding the need for advice and the danger of misbuying. However, this is a somewhat narrow and dangerous view: First, it presupposes that the consumer knows little or nothing about what they are doing and therefore will buy the wrong product […]
In this short video, Piers Hillier, chief investment officer at Royal London Asset Management, offers his investment outlook for the rest of the coming year across various asset classes. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and […]
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]
New FCA findings suggest advisers should prepare for significantly higher FSCS contributions at least Like many adults in the latter half of their lives, my pecuniary affairs are complicated. Not only do I earn a living from multiple employers but my future retirement income is dependent on several sources of funding, which includes three separate […]