The FSA is to launch a crackdown on advice around the transfer of personal pensions into Sipps or other PPs, including enforcement action and forcing wide reviews of past business, according to a leaked report seen by Money Marketing.
First, I want to comment on Ted Cordener’s letter (Money Marketing, November 20) where he urges the Chartered Insurance Institute not to steal the IFS name for the CII’s own use.
The Bank of England’s Monetary Policy Committee has cut the Bank base rate by another 1 per cent to 2 per cent.
I was intrigued to read about Andrew Fisher’s letter to the Prime Minister regarding consumer behaviour being driven by the commission-based sales structure of retail financial advice, which seems well wide of the mark.
With a portfolio of bonds and equities, income is more resilient in an otherwise uncertain world. To watch the video click here
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
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