Four adviser firms have been referred to the FSA’s enforcement division over pension switching advice.
Old Broad Street Research (OBSR) has suspended the A ratings on the F&C Stewardship Growth and Stewardship Income funds.It said today that the decision was made following the announcement that Catherine Stanley is taking over the management of the funds, which were previously managed by Ted Scott and Hilary Aldridge.Related Articles:Finding green ways round the […]
IFA Promotion has hit out at Capital Asset Management’s claims that the IFA label is “tarnished” and says that this does not reflect consumer views.
Ascentric Pension Account
Since the introduction of auto-enrolment in 2012, it has been a popular topic in the press. Recent media focus has been geared towards small and micro employers; however attention is set to return to the UK’s largest businesses as they prepare for re-enrolment. Johnson Fleming has produced a useful guide that provides essential information to help you […]
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Michael Klimes examines if advisers can resolve all drawdown issues themselves or if a wider effort is needed
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 […]