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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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]