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Canada Life acquires Retirement Advantage

Canada Life has announced it will buy Retirement Advantage. Canada Life did not say how much it paid for the pension and equity release specialist, which has over £2bn in assets under management, £1.5bn of which sits in a block annuity deal. The deal allows Canada Life to expand into offering equity release mortgages. The […]

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Four in five advisers use centralised investment propositions

Nearly four in five advisers are placing clients’s funds in a centralised investment proposition, a new survey shows. A survey of 141 advisers Equifax Touchstone shows 82 per cent used centralised investment processes, at a time when the FCA continues to keep a watchful eye over suitability requirements. The survey also finds that the use […]

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Suitability review three months on: Has anything changed?

Three months after the FCA’s review of advice suitability, advisers are eagerly awaiting the regulator’s next moves. Some have said they have already incorporated feedback received into their firms, while others are still looking for more clarity. The FCA’s study found the vast majority of advisers had a clean bill of health on suitability but […]

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Neither answer is correct. It’s different strokes for different folks plus, of course, the fact that all networks are different. Some keep the reins so damned tight that it must be like working for a national but without a salary or any employee benefits.

    Some FA’s prefer to do everything themselves (and claim that the DA route costs less, though I wonder if it really does), whilst others are (more or less) happy to pay a network for most of the irksome stuff to be taken care of for them so they can concentrate on the more enjoyable parts of their job.

  2. Christopher Petrie 2nd September 2017 at 7:38 am

    The Network route is HUGELY expensive.

    DA, with suitable compliance support, is significantly cheaper. I don’t think that’s even open for debate.

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