View more on these topics

Sofa to investigate life expectancy

Sofa has launched a research programme to investigate whether consumers taking financial advice have a genuine understanding of their own life expectancy.

It believes since life expectancy has increased significantly in the last 20 years consumers planning for retirement may not understand they may need live longer than anticipated and thus require more savings.

Sofa is seeking members to help gather raw data.

Sofa managing director Bob Bullivant says: “By asking our members to question their clients Sofa will be able to assess the views of consumers at the point of taking advice and in sufficient numbers to make the research reliable. This research will inform the industry as to the extent of any gap in perceived and actual life expectancy and will enable us to assess any implications for the advice process.”


Government falls short of protecting consumers

The Consumers&#39 Association is warning that unless the government protects consumers from the “mis-leading and confusing information provided by mainstream lenders”, consumers will remain open to credit traps and unscrupulous lending practices. The warning comes on the back of the CA&#39s response to the government&#39s consumer credit white paper in which the CA has made […]

BSA agrees long-term fixed rates needs balanced approach

The BSA has welcomed the publication of the Professor Miles&#39 report into the UK Mortgage Market, which advocates a sensible and balanced approach to encouraging consumers to take out long-term fixed-rate mortgages. In particular the BSA welcome the recommendation to lower the minimum non-member funding limit for building societies. Professor Miles recognises that the UK […]

Ritchie advice fears over A-Day

Pension expert Stewart Ritchie is calling on the Inland Revenue to publish a detailed guide for advisers to avoid an advice debacle in the run-up to A-Day. In its response to the Inland Revenue&#39s pension simplification proposals, Scottish Equitable parent Aegon UK says there are serious risks for financial advice in the tight timetable before […]

A licence to skill

The Financial Services Skills Council is in the last stages of obtaining its licence as a qualified skills council, heading for a final meeting with its licence assessment panel on Wednesday this week. FSSC managing director Teresa Sayers is confident that the licence will be approved, granting the organisation a new status that comes with […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm