This week’s mortgage announcements might be summarised as “small rescue operation – not many saved”.
Inflation has reached 9 per cent on average for pensioners with rises in food, energy, fuel and council tax, according to research by Alexander Forbes Annuity Bureau.
The recent case of the IFA who was taken to task over his supervision of a pension transfer specialist brought to mind the whole concept of outsourcing and delegation. In the case in question, the IFA admitted that he was not competent to challenge the advice given by the specialist, so to supervise this individual he would have needed a competent person to review his work. If a principal of an IFA firm is not well qualified or deemed competent, how can they even consider complex enquiries?
Disappointing weather is not the only thing currently making people think about fleeing the UK’s shores.
By Steve Webb, director of policy and external communications The ninth Royal London Policy Paper discusses how thousands of mothers are missing out on state pension rights when they don’t have to Earlier this month we published the ninth Royal London Policy Paper, entitled ‘Mothers Missing out on Millions’. It focuses on the thousands of mothers […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]