The Pensions Policy Institute says the reforms do not provide the certainty of a solid state pension foundation to help with the introduction of auto-enrolment into personal accounts. It warns that personal accounts may damage existing pension saving but it backs plans to raise the state pension age.
Former Origen chief executive Gareth Marr is expecting to return to the industry next year in a consultancy role. Marr says he wants to help advisers devise more flexible and efficient ways to communicate with their clients. He says offering purely face-to-face advice is expensive and time-consuming and advisers should embrace alternative advice methods such […]
Retirement Plus has launched into the fledgling impaired life property market.
It was good to read the positive coverage of the launch of Riley, Royal London’s new investment bond (Money Marketing, August 31). Justin Modray’s review reflected some uncertainty in relation to the cost of protection, with the suggestion that Riley might be expensive. It may be useful to IFAs if I explain that, for each […]
Prestbury chief says economics of being independent do not stack up for 70% of advisers
Thomas Smith, manager of the Neptune Latin America Fund Latin American equities have performed strongly so far in 2016, returning 27 per cent in sterling terms. Much of this move has been driven by newsflow from Brazil, with markets reacting positively to the government voting to impeach President Dilma Rousseff and on the hope of […]
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Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]
True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]