View more on these topics

What advisers are saying

Editor’s comment of the week: Avoid default options and make clients choose

Investors who are currently being defaulted into annuities suddenly being defaulted into drawdown will surely be the next misselling scandal, without the sell. 

Providers really need to avoid any default options, which would force clients to at least make a decision or receive nothing. 

There is no time limit for providers to force clients into an income  producing product, assuming they have updated their scheme rules accordingly, which is another issue entirely.

Although the Budget reforms will not necessarily engage consumers fully, they will encourage people to seek advice or at least guidance. There is more to retirement planning than just pension funds and how much tax-free cash they can get their hands on.

Claire Trott 

Recommended

Santander-700x450.jpg

Santander chairman Emilio Botin dies

Santander chairman Emilio Botin has died aged 79, the bank has announced. The BBC reports Botin died of a heart attack last night. The board and the appointments remuneration committee are meeting today to appoint a new chairman. The BBC says Botin is credited with turning what was a small regional bank in Spain into […]

RBS-logo-700x450.jpg
5

Lloyds and RBS to move if Scotland votes for independence

Banking giants Lloyds and RBS have confirmed they could move their headquarters to England if Scotland votes to leave the UK in next week’s referendum. The banks, which are partly owned by the UK taxpayer after being bailed out in the wake of the financial crisis, have both issued statements in outlining plans to re-domicile if […]

FCA-Interior-View-700x450.jpg
1

Lawyers raise concerns over FCA supervisory toolkit

Regulatory experts have questioned the FCA’s supervisory direction after concerns were raised over two of its major tools. Last month, Treasury select committee chair Andrew Tyrie wrote to the FCA warning about the cost of skilled person reports. Skilled person reports, also known as section 166 reports, check for weaknesses or failings in a firm’s […]

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com