One of the most common mistakes I come across when talking to adviser firms about their technology installations is the failure to properly provide for the cost of training when planning their project. Although software is often presented as being easy to use out of the box, just like any other consumer durable, the reality can be vastly different.
It is mildly heartening to learn that the FSA cannot get away with ignoring European law. Had it taken the trouble to undertake anything in the way of consultation, a great many people in the UK financial services industry would have told it that the menu and initial disclosure document were highly unlikely to be the most effective means of clarifying for consumers the issues of advisory status or commission.
Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]
A weekly account of the curious goings-on in the world of financial services from Money Marketing’s diary page Green with envy While scouring through the MPs’ Register of Interests last week, one WSJ correspondent took to reading the fine print of Treasury committee member John Mann’s file. Among the list of international trips undertaken by […]
Long-awaited guidance clears up confusion around the IHT position of policies issued under seal Life assurance protection is an often overlooked estate planning tool. For UK-domiciled individuals, effecting a policy subject to a trust can deliver a neat, effective way of sorting inheritance tax liability that cannot be diminished through other planning. It can also […]
Workplace provider Smart Pension has been told not to publish an advertisement again after a complaint to the marketing standards watchdog over its “threatening” tone. In November last year, Smart Pension sent a letter to business owners, stating that “failing to set up your workplace pension now could soon blow a serious hole in company […]