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Paul Johnson, Institute Fiscal Studies
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IFS director: Inheritance increasingly determines wealth in UK

A person’s lifetime wealth is increasingly defined by how much they inherit from their family, says The Institute of Fiscal Studies director Paul Johnson. Johnson believes inheritance in determining an individual’s life chances is probably at its highest since Victorian times. Speaking at an event run by Seven Investment Management, Johnson argued this will have […]

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpg
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How much are advisers charging for pension transfers?

Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]

Focusing on money - Magnifying glass over British pound notes.
1

Aegon starts payouts to customers over Cofunds issues

Aegon has this week written to customers who are eligible for compensation following issues with the Cofunds replatforming and expects the first payments to be made from tomorrow. Aegon met with its advisory board last week and called the meeting “constructive but challenging”. The board is made up of advice firms brought in to contribute […]

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. You are missing the correct answer;

    “The number which you as an individual feel is appropriate with no implication this should apply to anyone else or be prescriptive”

    Financial advice is a commercial endeavour, it is not primarily a social endeavour. That so many advisers feel an urge to provide pro bono advice is a testament to the bulk of the financial adviser world, but it should not be something on which we as a profession are judged or measured. Judge us as people on this measure, sure, but not as a profession.

  2. John’s answer is 100% correct!

  3. Surely pro-bono work is just one clients advice being paid for by another client?
    Nothing in this world is free!

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