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Govt rebuffs calls to compensate Waspi women

The Government has rejected calls to compensate women born in the 1950s who have campaigned for an increase to their state pension. Pensions minister Guy Opperman dismissed proposals to hike these pensions as “unaffordable” when he responded to an opposition debate on the issue in parliament yesterday. Opperman went on to add the proposals “cannot […]

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British Steel adviser explains ongoing charges calculation to MPs

Active Wealth director Darren Reynolds has emphasised that ongoing adviser charges for British Steel clients have not been calculated as a percentage of their funds. In a letter addressed to work and pensions select committee chairman and MP Frank Field, Reynolds reveals more details about the way approximately 300 British Steel clients were advised by […]

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How much are advisers charging for pension transfers?

Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]

What goes on behind the scenes when a platform changes technology?

No amount of rigorous testing can eliminate all the teething problems when hundreds of thousands of client accounts are being moved With multiple platforms undergoing technology changes, advisers are having their work disrupted by businesses moving their clients’ data. Two significant client data migrations have taken place in the past two months, with Aegon moving […]

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. I must admit I am very curious as to why anyone would think that it’s the regulators job to tell people how much they can charge?

    Or are people suggesting that how people charge i.e the structure should be templated?

  2. should the FCA provide us with details of there charges alongwith there mates FSCS and FOS then we can tell them we will provide a template for them stupid article/poll

  3. Stupid, stupid idea. Separate the cost of the advice from the product cost. Too much information which is never read let alone understood is given to clients. How can you have a template for advising on several products crossing different regulatory areas? The FCA must start looking at the client experience more closely and ask a simple question – why do we have to do this or that?

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