Platform providers should develop a low-cost offering for mass market investors following the retail distribution review to allow advisers to service this section of the market profitably, according to technology consultancy F&TRC. In a pensions white paper published this week, F&TRC says advisers’ operating costs will become unsustainable after 2012, driven by back-office support work […]
The FSA has confirmed plans to extend consumer protection rules for occupational pension opt-outs to group personal pension schemes. The regulator says the decision to extend the scope of the rules will ensure that people who are automatically enrolled into a GPP receive the same protection against “poor advice” as those who are members of […]
The Prudential Regulation Authority must gain the support from the public and Parliament that the FSA never received if it is to be a success, according to PRA chief executive designate Hector Sants. Speaking at the launch of a briefing document on the PRA’s proposed approach to regulating banks in London last week, Sants said […]
At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.
Balance: Wealth Planning managing director on setting up a new firm and being fed up with inadequate systems Advisers are waking up to the fact that younger people are the clients of the future, and Balance: Wealth Planning managing director Rebecca Aldridge is no exception. She is weeks away from launching a second company that will […]
Two professional bodies have joined forces to co-brand and promote an Islamic finance qualification. The Chartered Institute for Securities & Investment’s Islamic Finance Qualification was launched in 2007 and has now got backing from the Association of Chartered Certified Accountants. CISI and ACCA signed a memorandum of agreement regarding their collaboration on the Level 3 […]