Big news on pension cold calling - the ban which was dropped because of the snap election is to be reintroduced although on a date unspecified. The Sun reports the news along with most national papers.
It does sound like a tougher version of the reform than first time around including a ban on emails and texts with some tougher regulations on DB transfers to potentially unscrupulous schemes.
Chief financial officers of UK businesses rate the Governor of the Bank of England Mark Carney and Chancellor Philip Hammond much more pro-business on Brexit than Prime Minister Theresa May.
Dentons Pensions expert Martin Tilley says in no way would they take an insistent client transfer given their potential vested interest.
Old Mutual’s Ian Browne suggests that the lifetime allowance should be a £4.8m or abolished altogether given the intention of the original reform.
IFA Kerry Nelson argues that headlines that bash the investment industry have repercussions for everyone – making the point that advisers are not likely to be recommending the much-criticised closet trackers.
Rathbones is in talks to takeover Smith & Williamson in a takeover which would create a £2bn firm with assets of £36bn.
Citywire’s Ian Horne is on the road talking to advisers. He hears a tale of an adviser who says his PI premiums have increased fourfold over insurers’ pension transfers jitters.
Retired senior judge Denzil Lush, an expert on power of attorney who has written the book on it, says he would never sign one himself.
Royal London says that a secondary auto-enrolment market is starting to emerge as Corporate Adviser reports.Back to News