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Emma Thomson: The protection fight against consumer apathy

A happy new year to you. But will it be a happy year for the protection market? Let’s hope so. There are certainly plenty of opportunities for us all to grab. The good news is consumers very much need what we sell. However, the problem is far too many do not know they need it. Consumer awareness about the risks and […]

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FCA admits it will consider return to commission

FCA acting chief executive Tracey McDermott has admitted the Financial Advice Market Review may reintroduce some form of commission but claims the regulator will not reverse the RDR. Money Marketing revealed last week that the FAMR panel was considering radical reforms in a bid to boost access to advice, including lower qualifications and a return […]

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Bank of England proposes tougher bonus clawback rules

Bankers could have their bonuses clawed back even if they have changed employers, under new rules proposed by the Bank of England. The Prudential Regulation Authority plans to introduce tougher laws around bonus buyouts. This is where an organisation compensates a new employee for any unpaid bonus after they leave the firm. The regulator believes […]

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Carney rules out imminent base rate increase

Bank of England governor Mark Carney has dismissed the prospect of an imminent rise in interest rates. Last summer Carney said the decision to raise interest rates would likely come “into sharper relief around the turn of the year”. But giving a speech at Queen Mary University today, Carney said: “Well, the year has turned, […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]

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