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Lincoln calls for greater RDR clarity

Lincoln Financial Group is calling for a clear differentiation between advice and sales to come out of the retail distribution review.

In its response to the RDR, Lincoln says the current plans, suggesting four types of financial adviser, could lead to consumer confusion.

Lincoln says the customer agreed remuneration model needs to be totally transparent if it is to deliver customer understanding.

Head of life sales and development Ian Noble says: “The majority of financial advisers already perform a valuable role in ensuring that consumers receive advice appropriate to their circumstances.”

“We believe there are areas that require closer attention and consideration if the RDR is going to meet its objectives of creating a retail market where consumers are capable and confident through having access to clear, simple and understandable information.”


Special delivery

Last month, I had the honour of being invited back to Singapore to deliver a speech to the Financial Planners Association Congress. While there, I was invited by Prudential Singapore to educate its advisers about a new product, a unit-linked whole-of-life plan, and how advisers could sell more of it.

Cat among watchdog’s pigeons

Trust a judge to set a cat among the ombudsman’s pigeons. Two advisers taken to court by theFOS over non-payment of fees have won the day and do nothave to pay because the complaints were not upheld.

Man, United is the way forward…

Wowsers. As if Money Portal’s £14.2m bid for Burns-Anderson wasn’t enough, at the eleventh hour on Tuesday we heard the news this week that Intrinsic was casting its net beyond the world of multi-tie, buying IFA network Mint.

Planning now for the residence nil-rate band

Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]


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