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John Lawson: The pensions advice allowance needs one vital tweak

As far as advisers are concerned, the direction of travel from the previous and current administrations is a good one. Advice is now required when transferring from defined benefit to defined contribution schemes and from some pensions with guarantees. The tax advantage of employer-arranged advice is also set to increase from £150 to £500. So […]

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Tom Baigrie: In defence of client call recording

I am a great fan of call recording. My firm was an early adopter, in part because we heard much about the ombudsman’s propensity to give clients the benefit of the doubt in a dispute over who said what to whom. We also recognised the huge training benefits that come from listening to yourself speak. In […]

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Profile: AIC boss Ian Sayers on the lessons from commercial property saga

Last year’s commercial property funds suspension saga revealed the shortcomings of open-ended funds compared with closed-ended structures when dealing with illiquid asset classes. Whether the fallout itself or the Brexit vote was mainly responsible, the UK property sector proved popular in the second half of last year, making up 10 per cent of all investment […]

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Aviva to challenge FOS decision amid legal uncertainty

Aviva has been allowed to judicially review a Financial Ombudsman Service decision after the adjudicator failed to give sufficient explanation as to why they departed from the relevant law. Speaking at the Royal Courts of Justice in London yesterday, Justice Jay said he was allowing the appeal on a technicality, as he was not convinced the FOS’s […]

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