In the last few weeks, there has been some debate about advisers and directors who have worked for several firms that have collapsed.
New Model Adviser has done a sterling piece of work tracking directors from now defunct firms which advised British Steel steelworkers to transfer, faced complaints and went bust who are back in the industry again.
In four of the cases, the directors were reauthorised at new or existing businesses. In two cases, the directors set up new firms that were FCA authorised, but they were not authorised as individuals.
The Government has decided to not go ahead with proposed new flexibilities for the NHS Pension Scheme arguing that changes to the taper threshold have gone far enough to address the issue.
The original proposals would have allowed defined benefit scheme members to choose a personalised pension growth level at the start of each tax year.
The Government is now to provide doctors with a new calculation tool.
This has provoked a rather fierce reaction from doctors’ representatives also reported in FTAdviser.com.
It feels as the matter will rise up the agenda again.
Major technology changes lead to more incidents than lesser ones within financial services firms, research by the FCA has found. The regulator adds that effective risk management is an important component of success. Not exactly surprising news, but actually better processes and fewer 'incidents' would be welcomed by advisers during big changes such as replatforming.
Standard Life Aberdeen's head of wrap platform proposition Alastair Black urges advisers to consider the state pension in discussions about retirement and capacity for loss.
He also suggests a mix of investment and annuitisation could make sense post retirement.
HSBC UK head of wealth and advice James Hewitson says that Covid has changed client relationships forever.
He adds: “The remote working has made it more effective for us to advise, enabled us to challenge disclosure processes and the way we engage with clients. It is not just about using video but how we use video that is important.”
