View more on these topics

Former PFS chief launches retirement planning business

Former PFS chief executive Tim Eadon has launched a new IFA firm specialising in equity release.

Better Retirement has been launched as a retirement planning service, centered around offering equity release advice.

It says it is the first adviser firm specialising in Equity Release that has been granted Chartered status by the CII and it is a member of the Society of Later Life Advisers.

Eadon says the equity release sector needs to move forward and should be concentrating on complete advice, not just sales.

He says: “We are concentrating on making equity release at the centre of the whole, holistic retirement planning arena. My background proves I am an advocate of professionalism and I think equity release has some way to go in that sense.”

Better Retirement says it will offer a fee-based service, and will rebate the commission earned from the providers, meaning some clients will pay nothing for the advice they receive.

Eadon says he wants to help bring equity release into the RDR sphere: “The regulators should have looked at this sector before the IFA sector when they began their RDR investigations because I really do believe the problems surrounding advice, qualifications and remuneration are more pronounced here.”

Recommended

Remix required for clients

Skandia says advisers should consider repackaging client portfolios for optimum tax-efficiency in the present ultra-low-interest-rate environment.

Emerging patterns

The problems in financial systems globally – and more particularly in developed economies – are structural. We need to see banking systems, corporates and consumers deleverage their balance sheets. This is going to be a painful process but a necessary one that will take time to work.

Green shoots and red faces

We all let out a huge, collective sigh of relief as we sat in the packed-out auditorium listening to the king of the FTSE addressing this year’s National Association of Pension Funds investment conference in Edinburgh yesterday.

Scheme pays explained

By Fiona Hanrahan, senior product insight and technical support analyst We’ve received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply. What is ‘scheme pays’? If an individual exceeds the annual allowance (AA) and an AA tax charge is due, they […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com