Advisers are now earning more than £100,000 on average according to New Model Adviser.
In detail, advisers’ earnings have risen 8% to about £103,000 on average in the past year. The website has got an early peak at recruiter BWD’s Financial Services Earnings and Benefits Census 2023/24.
AI chip maker Nvidia is shooting the lights out performance-wise. This is a handy explainer from the Guardian.
An MP has put forward a bill calling for a compensation scheme for women born in the 1950s affected by the rise in state pension age.
Alan Brown MP has called on the government to give compensation payouts of £10,000 or more to women affected by the Women Against State Pension Inequality (Waspi) state pension age issue.
This is very unlikely to pass as it is a ‘ten minute bill’. However, it does, to some degree, keep up the political pressure.
The Finance Bill provisions around the LTA have been deemed a 'rushed job' ahead of April with Lane, Clark and Peacock’s David Everitt pointing out many errors and omissions.
The Protection Distributors’ Group continues to put pressure on insurers regarding standards. This is an interesting list of where it seeks improvements outlined in Money Marketing by the PDG’s Neil McCarthy.
Mental-health underwriting – mainly around adopting a 10-year “right to forget” rule when asking about suicide attempts and suicidal thoughts.
The “three strikes and you’re out” approach for income protection (IP), where three exclusions or risks on IP causes many insurers to decline cover. We want to see this limit raised.
Total permanent disability – we are encouraging all insurers to move to an “own occupation” definition.
