15 September 2016

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Advisers back pensions dashboard to boost client service

Advisers have welcomed progress on the pensions dashboard and expect the technology will improve the service they give to clients. The Treasury announced this week that a model pensions dashboard would be released by March 2017. The dashboard was recommended as part of the Financial Advice Market Review. The idea behind the pensions dashboard is to […]

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FCA investigates four unauthorised introducer cases

Four cases involving unregulated introducers have been referred to the FCA’s enforcement division in the past 12 months. A Freedom of Information request, submitted by Money Marketing, reveals the regulator saw 54 cases in the past year where an introducer was suspected of having an inappropriate influence over an adviser or other authorised firm. Not all […]

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Platforum: The truth behind what clients will pay for advice

One of the biggest opportunities for advisers is offering retirement advice. But many advisers have found it difficult to profitably offer advice to any but the wealthiest of clients. New research from Platforum reveals investors are willing to pay an average of £800 as a one-off fee for advice when faced with a major financial […]

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Santander warns borrowers on interest-only mortgages after completion

Santander is warning borrowers about the risks of interest-only mortgages after the sale has completed. The lender is carrying out spot checks on its interest-only mortgage customers by calling borrowers at random and testing their understanding of the loan they have just taken out. Santander has not explained to Money Marketing why these checks are […]

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In the dark: Where is the progress on FAMR?

Advisers and the wider profession have warned that the lack of visible progress on the Financial Advice Market Review is fast turning into apathy towards what is supposed to be a flagship project to reform advice. Advisers say they have not been kept in the loop on developments, while providers have called for clarity on […]

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Keith Richards: Is the FSCS fit for purpose?

As the debate on how to fund the Financial Services Compensation Scheme rumbles on, with little sign of a consensus, the real issue we should be addressing is not how the compensation scheme is funded, but if it is actually fit for purpose? I believe that to be a very legitimate question, given the FSCS […]

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Managers at work? Multi-asset funds challenged over value for money

A report attacking the suitability and value for money of multi-asset funds has ignited a debate on whether investors should opt for cheaper and simpler funds to get better returns. The study from consultancy firm Finalytiq claims “unskillful” multi-asset managers do not add value to their clients’ portfolios and “systematically” damage their returns. But industry […]