Apparently, the FSA is unhappy at industry reaction to the RDR feedback statement. They appear to be suggesting that by not pleasing any particular sector, they have created an acceptable balance. Evidently, they choose not to consider the other possibility – that such antipathy denotes an awareness that the proposed actions cannot achieve the desired outcomes.
National advice firm LEBC has called on the government to extend the pensions advice allowance to the self-employed. If extended, the self-employed could claim up to £500 in three separate tax years to fund their pensions advice. This amount is currently only accessible to company employees, leaving the self-employed to pay for their own financial advice. LEBC has […]
Consumers spend far more time concerned with their day-to-day banking and budgeting than they do thinking about their long-term savings Aberdeen Standard head of retirement Gregg McClymont’s recent Money Marketing column correctly identifies the challenge of achieving consumer engagement with pensions. A pensions dashboard solely accessible via the single guidance body is doomed to failure even before […]
Newell Palmer has bought Macclesfield IFA The Acumen Investment Partnership, its 50th acquisition since being set up 25 years ago. The deal adds £35m in funds under management. Acumen’s 119 clients will be serviced by advisers at Newell Palmer’s Wolverhampton office. Acumen senior partner Nick Cosby is retiring from the business. Newell Palmer finance director Kevin […]