Advisers argue first these are historical business practices and questions are asked first about providers who look to be potentially pocketing the trail and networks, who it is suggested, are still taking the trail from retired adviser definitely without the appropriate service being offered. There are grumbles about GAR contracts too.
Rather refreshingly, those debating this also say who they are!
Now: Pensions rejects sale rumours and eyes acquisitions according to boss Morten Nilsson.
Vouchedfor is testing a robo-guidance service including financial and cash planning.
Former minister Ros Altmann points to immense confusion in the Department for Work and Pensions’ grasp of advice and guidance.
James Hay speeds up a restructure as an HMRC £1.8m bill looms over biofuels.
New Model Advisers’ ‘Man in Black’ argues the regulator should use the bribery act to chase down rogue IFAs. Interesting argument about various shenanigans but not, of course, with names this time.
Portfolio Adviser considers whether the FCA is mistaken in the ways it is hoping to foster competition by encouraging IFAs and vertically integrated operations to bear down on prices.
Which? has mystery shopped 12 SJP advisers and is, to say the least deeply unimpressed with everything from what was disclosed to the charging structure. Nothing about the exit though that is difficult to ‘mystery shop’ without being an existing client.