Advisers are far from impressed with the Government’s decision to delay the pension cold calling ban until the autumn. Among other things they ask how many more families will be scammed before the law comes into effect.
There is much debate about what section of business has been lobbying for more time, the pension industry or the direct marketing sector. Might be good for some of the trades to ask some questions about this.
The FCA has set out plans for providers to create retirement pathways for retirees entering into and managing drawdown for themselves. There are concerns that this could actually restrict choice. Money Marketing hones in on the regulator's call for pounds and pence charges and the FCA’s failure to rule out a charge cap.
Professional Adviser quotes Dentons Martin Tilley’s view that pathways will not work for sophisticated investors.
Corporate Adviser finds huge disparities between different master trusts’ performance.
An Intelliflo poll finds IFAs see robo advisers as less of a threat than providers poaching clients.
The FCA’s Chris Woolard blasts the EU for their 'nothing is agreed until everything is agreed' approach to the Brexit negotiations.
He adds that the current EU view “makes it very hard to pin down” a regulatory framework for financial services after Brexit. It has been hard to pin down what UK politicians and UK financial services firms though the regulator has called for maximum recognition.
FSCS claims hit £405 million last year the scheme says with a fivefold increase in costs relating to pension transfers reaching a worry £43m.