The FSA has declared 2007 as the year of treating customers fairly for advisers, with a much signalled March crackdown on firms that have not shown they are well on their way to implementing the principles.Anyone who thinks that the deluge of consultations and discussion papers which hit the financial services industry in 2006 will […]
I must complain about the article in the December 14 edition of Money Marketing headlined, Complaining through CMC can halve compensation. The data tabled by the Association of British Insurers is, from our experience, wholly inaccurate and has been produced with no regard to what we – the UK’s biggest claim company – are experiencing […]
The FSA is stepping up its clampdown on payment protection insurance and is shortly set to announce further fines and enforcement action against another six PPI companies.A source at the FSA says there are around six PPI cases in the pipeline and details of any enforcement action will be announced shortly.This will bring the total […]
The overriding fear this time last year was that Gordon Brown’s spectacular U-turn on residential property into a Sipp would lead – not to a housing market crash, exactly – but certainly a slowdown in house price growth.
By Fiona Tait, Pension Specialist Royal London firmly believes in the value delivered to clients by financial advisers, not just for one-off events but on an ongoing basis. This is a position we continue to hold in our consultation responses and external communications while always questioning whether there are ways in which we can help […]
Financial advisers waste almost five hours a week doing menial tasks, according to a study by adviser tech platform Advicefront. With an average hourly wage of £46.38, one hour in eight is spent on unnecessary tasks and costs advisers £220 per week in wasted time. The survey asked advisers how much time they spend weekly on […]
Last week, the excellent Money Marketing Interactive Harrogate event took place, where I was fortunate enough to be part of the panel on diversity in advice. Last week also saw the 10th anniversary of the Lehman Brothers’ collapse. “If it had been Lehman Sisters rather than Lehman Brothers, the world might look a lot different […]
The total value of pension transfers fell from £10.6bn in the first quarter of the year to £8.2bn in the second quarter, the latest figures from the Office for National Statistics show. According to AJ Bell, this is the first drop in value of pension transfers since the second quarter of 2016. The figures coincide with […]