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Pensions minister faces call for universal pension scheme

Pensions minister Guy Opperman has said auto-enrolment and the increased state pension could help minimise the future costs of workplace pension schemes. In a House of Commons debate yesterday, Opperman was faced with several questions about pension schemes’ fees and charges from Labour MP Kelvin Hopkins. Hopkins put to Opperman that all private pension schemes – […]

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Has the FCA forgotten about the advice gap?

Robos came under fire this week, with an FCA review finding serious failings in terms of suitability and disclosure. Adviser comments soon followed, praising the regulator for finally getting tough on automated advice. Here are a few extracts from the FCA: Some firms did not make clear whether their service was advised, non-advised, discretionary or […]

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Just one in 10 people seeking financial advice

Just 10 per cent of people are seeking financial advice, according to Aegon research. However, there is some positive news as this is a 2 percentage point increase from when the same survey was conducted nearly two years ago. Aegon polled more than 900 people in May this year and found 47 per cent make financial […]

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