National IFA Mattioli Woods has pulled out of the defined benefit transfer market following a review. In a trading update, the wealth manager says that following a review it has decided to withdraw from the DB transfer market due to rising costs and increasing regulation. The update says: “Following consideration of the increasing costs of professional […]
The Pensions Regulator wants advisers to suggest ways to charge for defined benefit transfer advice on pots that are just over the £30,000 advice threshold. Speaking at the Investment Association Annual Policy conference, TPR chief executive Lesley Titcomb discussed the need for more cost-effective financial advice, particularly when it comes to DB transfers. Henry Tapper: […]
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]