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 […]

Ros Altmann

Ros Altmann: My solution to the DB transfer advice debacle

The six million people in defined benefit pension schemes who could be enticed by the high transfer values on offer are causing much consternation among parliamentarians, the regulator and financial advisers. The FCA has found a significant proportion of transfer advice to be unsuitable or questionable. Its latest consultation suggests big changes to the way […]


SJP fund changes put segregated mandates under the spotlight

Experts are debating whether the segregated mandate model is coming under pressure as one its most prominent users, St James’s Place, makes a raft of fund manager changes. In January, SJP replaced Axa Investment Management as the manager of its £3bn Balanced Managed Unit Trust after 11 years running the mandate, replacing it with US-based […]


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