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Why your advice firm should consider branding itself a wealth manager

I was recently having a chat with a friend who runs his own accountancy practice. He is quite a progressive accountant and likes advising clients on how to run their businesses more efficiently, including using cashflow forecasting. The problem is he is a victim of his own success: once he transforms their record keeping his firm’s fees […]

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FCA early exit fees cap ‘paves way to price regulation’

Advisers have been warned the FCA’s move to impose a 1 per cent cap on early exit charges for existing personal pensions is “dangerous” and paves the way for the FCA to act as a price regulator. The regulator published a policy statement on Tuesday which sets the cap at 1 per cent of the value of benefits […]

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Pensions escape salary sacrifice clampdown

Pension contributions will not be included in new rules clamping down on the usage of salary sacrifice schemes, the Chancellor has announced in the Autumn Statement. From April 2017, those paying in to benefits in kind schemes “will pay the same tax as everyone else,” Philip Hammond said. Employer pension contributions, along with childcare and […]

The Downsizing Delusion: Why relying exclusively on your home to fund your retirement may end in tears

By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]

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