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Graham Bentley: Fund manager fees witch-hunt misses the point

The anti-fund manager invective is misdirected. They are as confused as platforms and advisers when it comes to calculations.  Managing advisory investment portfolios has never been straightforward. The requirement to disclose transaction fees may very well see their demise. In principle, I am an advocate for transparency. It promotes accountability, and, as a former SEC […]

Phil Wickenden
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Phil Wickenden: Can you manage competing retirement income objectives?

Almost three years on from the start of the pension freedoms, people approaching retirement are looking for the most effective and efficient way to use the flexibility, while also balancing the various risks that come with this freedom of choice. While there are undoubtedly many opportunities, there are also challenges for both clients and their […]

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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, […]

FCA signposts pension transfer resources in adviser letter

The FCA has written to firms reminding them of its requirements related to pension transfers and reiterating its concern about applying a “commoditised approach” to this work. The letter, dated 16 January but published on the FCA’s website today, was sent to all firms that have permissions to advise on pension transfers and opt-outs. The […]

Guide

Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.

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  1. Especially not to Phoenix, there was a collective groan when I told the admin’ team. The only solace someone suggested was that it could have been worse – Crapita!

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