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Spending, pensions and retirement: MAS in numbers

The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service.

Money Marketing looks at some of the key stats for the organisation ahead of the transition.

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FCA warns advisers over platform inducements

The FCA has warned financial planners that additional services offered by their platform may be in breach of its inducement rules. While the regulator has said that competition between platforms is working well for most consumers in its market study this morning, it has warned that add-ons for advisers that are paid for by the […]

Ros Altmann
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Former pensions minister Altmann to chair fintech firm

Former pensions minister Ros Altmann is to chair a pensions fintech firm focused on auto-enrolment. Pensionsync, which is part of the FCA’s Regulatory Sandbox, wants to improve auto-enrolment administration by focusing on data protection. Altmann says:” Our mission will be to improve pension auto-enrolment administration to ensure more accurate and secure data. In the next stage of […]

Cold-calling pension firm shut down

A pension company that invested in storage products with investors’ savings has been ordered into liquidation by the High Court. Kent-based Chartwell Trustee Pension Solutions was the sole trustee of the Pinnacle Pension Scheme. Chartwell amassed in excess of £4.8m of members’ pension funds following an apparent cold-calling telesales operation. Members were told to expect 8 […]

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FCA hits out at ‘spurious complexity’ in platform charges

FCA director of competition Mary Starks has described instances of “spurious complexity” in platform charging in the wake of the regulator’s review of the market this morning. Speaking to Money Marketing, Starks notes findings that, particularly on the direct to consumer side, platforms can levy between 15 and 35 different fees in total, and use […]

Something chronic

Amanda Docherty, Senior Marketing Consultant, Royal London  I’ve just returned from a mini-break in Tenerife. Twenty girls on a hen weekend, so you can imagine there was a fair bit of eating, drinking and dancing. Although we did squeeze in a water park, boat trip and paddle boarding. It’s all about the balance!  There were a […]

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