The FCA has published the results from its review of suitability reports. The headline result of the review of 1042 pieces of advice from 656 firms is that in 93 per cent of cases the sector provided suitable advice, with the balance being ranked either unsuitable or unclear. These are encouraging results for the advisory […]
Short-termism in the way fund managers run clients’ money has had a “devastating impact” on sustainable wealth creation, former Investment Association chief executive Daniel Godfrey has argued. Speaking at the Money Marketing Interactive conference, the co-founder of the People’s Trust has urged advisers, providers and fund managers to rethink time horizons for investments and “break the […]
Pension Wise style guidance sessions to be trialed on “medium-sized” DB transfer pots.
Value and price are completely different. Advisers need to sell the first and tell the second.
Advisers should not be “dictated” by platforms on how model portfolios are constructed as big differences emerge between the models used by providers and risk-profiling firms. Advisers should not be “dictated” by platforms on how model portfolios are constructed as big differences emerge between the models used by providers and risk-profiling firms. Speaking at Money Marketing Interactive […]
Money Marketing conference panel meets volatility debate head on
A leading expert on defined benefit pensions has urged the FCA to abandon its assumptions regarding DB transfers. In a session on DB transfers at the Money Marketing Interactive conference today, CTC managing director Nigel Chambers called on the regulator to scrap its current assumption that a DB transfer will not be in the best […]
The Financial Ombudsman Service has reiterated its advice to IFAs to make suitability reports as tailored and personalised to the client as possible. Speaking at our Money Marketing Interactive conference today, FOS principal ombudsman Richard Thompson outlined how advisers can best mount a defence at the FOS when faced with a complaint. Thompson said: “The […]
Aegon does not believe there will be a scale robo-advice player in the UK market in the next five years. Speaking today at the Money Marketing Interactive conference in London, Aegon chief distribution and marketing officer Mark Till says robo-advice will come into the market to help streamline advisers’ back offices but will not replace the […]