The NAPF says there is too little choice in the scheme proposed but says there is too much choice in the ABI multiple provider model. It proposes establishing super-trusts which would create big pension schemes pooled between employers providing more generous pensions than required in the new system.
Liberal Democrat Shadow Chancellor Vince Cable is calling for an independent system of financial advice which is not driven by advisers trying to earn commission. Cable’s comments follow on from the Which? report published last week which found that fewer than a third of advisers give what Which? describes as the “benchmark for good advice”. […]
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With the Pensions White Paper consultation finally drawing to a close this week it has been very difficult to get many pensions stalwarts to talk about anything else.
Uncertainty over interest rates is causing volatility in the market but future prospects look promising
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses why it is difficult to keep a long-term perspective in short-term markets.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]