Direct Life & Pensions sales and marketing director Richard Verdin says Icob advisers should sell pension term assurance without advice rather than with a caveat which says they cannot advise on the suitability of the product. Verdin says he knows of specialist protection advisers that do not sell PTA because they are uncomfortable with the […]
The buy-to-let market is unlikely to see any significant future innovation because it is mature and has already undergone its metamorphosis. Brokers and lenders agree that the market remains buoyant and is not desperate for any new types of products or major changes. It is also doubtful if many new lenders will enter the sector […]
What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.
It is unclear whether the FCA will consider widening its platform exit fee ban after the regulator poured cold water on reports it was preparing a new consultation. The Financial Times reported this morning that discussion had taken place over a potential paper laying the background for a widening of the proposed exit charge ban […]
Too many new initiatives are ignoring the obvious foundation available from which to build on Last month’s Budget documents confirmed the government is supporting the pension dashboard project, setting aside £5m to fund it. But the most significant part of the announcement was that the documents referenced “pension dashboards” – plural, not singular. The clear […]