Fifty-five per cent of small to medium-sized directly regulated IFAs say they are not supported by product providers while 41 per cent say providers do not communicate effectively with them, according to research by IFA community internet portal Panacea.
The FSA has stressed the importance of treating customers fairly and has issued numerous fines in the last few months to demonstrate that they mean business.
The Conservatives have failed to derail Home Information Packs after losing a vote to scrap the controversial policy in the House of Commons today.The Tories lost the Commons motion vote by 306 votes to 234, giving the Government a comfortable majority of 72. It was always going to be an uphill struggle to overturn the […]
Advisers say the ABI’s call for regulatory intervention to move them to factory-gate pricing is missing the point and there are bigger issues that need to be addressed in the industry.Alpha to Omega chief executive Stewart Wooles says the call comes as no surprise considering what is at stake.He says: “One could be excused for […]
In my most recent article, I outlined the contents of an announcement from the Institute of Actuaries relating to the variability in commutation factors for retiring members of final-salary schemes. I would now like to develop the implications of this with regard to the advice given by advisers to these individuals.
The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]
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FCA chief executive Andrew Bailey has used a speech at The Investment Association’s annual dinner to explain the regulator’s plans to make sure fees result in “sensible incentives” for fund managers. The regulator has put value for money in the spotlight with its Asset Management Market Study. The measures consulted on include getting more independent […]
Last week I was delighted to have the opportunity to talk about one of the most critical challenges for platforms over the next 5 to 10 years – whichhow do they need to evolve? And by ‘need’ – we frankly mean what’s required if platforms are genuinely to meet the needs of intermediaries and investors […]
Neil Woodford has upped his stake in Provident Financial as shares in the consumer credit company double from their August lows. According to a regulatory filing published late yesterday, the star fund manager increased his stake from 19.1 per cent to 20.1 per cent. Provident shares jumped 12 per cent on Friday morning when the […]