IFAs are being told they should not offer advice on income drawdown unless they are capable and prepared to provide ongoing management of the portfolio.Compliance consultant Adam Samuel says that to offer an income drawdown service safely, advisers have to actively manage the fund.However, he says few advisers are capable of giving drawdown advice and […]
The FSA’s internal report into the Northern Rock debacle uncovered a startling catalogue of errors and failures which, if made by an adviser firm, could have seen it fined or kicked out of the industry.
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]
Pension savers in ill-health are at a greater risk of being hit with a 40 per cent inheritance tax bill after a Court of Appeal ruling in favour of HM Revenue & Customs, experts have argued. Currently anyone who is in ill-health, transfers their pension and then subsequently dies within two years could see their […]