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Smaller advice firms taking the hit on PI costs

The average professional indemnity insurance premium across all advice firms was £17,540 in 2017, according to FCA data. The FCA’s latest data bulletin breaks down PI premiums for firms according to different revenue brackets. The data shows that, when looking at average premiums paid as a proportion of regulated revenue, small firms generally paid a higher […]

Justin Cash, Editor of Money Marketing

Editor’s note: Not all Sipps are the same

Sipps have taken a bit of a beating recently, that much is for sure. They have been painted as a willing participant in the defined benefit pension transfer con. Trust us, you should ditch the warm comfort of your company scheme for your own flexible pension. Trust us, our overseas property scheme is the only […]

Aviva Investors merges business units as part of restructure

Aviva Investors has announced the formation of a new real assets business as part of a restructure. The move will merge direct real estate, infrastructure and private debt under a single leadership and operating structure. Aviva says the restructure will position the business to meet the growing client need for real assets and private debt […]

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Henry Tapper: ‘We’ve really made a mess of DB transfers’

First Actuarial director and British Steel campaigner Henry Tapper has criticised the role of unregulated introducers in encouraging unsuitable defined benefit transfers out of the scheme. Tapper has been heavily involved with Operation Chive, the pro-bono adviser-led initiative to give help and guidance to steelworkers after the British Steel Pension Scheme’s collapse left them vulnerable […]

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