• About
  • Events
  • News
  • Newsletter
Adviser Home
  • CPD Centre
  • Development Solutions
    • AXA Investment Managers
    • Seneca Investment Managers
    • Tacit Investment Management
    • Downing Fund Managers
    • Aegon Corporate Protection
    • Tax Planning Support
    • Outsourced Investments
    • Orbis Invest Differently
    • FundsNetwork
    • Brooks Macdonald
    • T. Rowe Price - Where Better Decisions Begin
    • Centralised Retirement Propositions
    • Aegon - Supporting financial advice
    • Tax Planning Investments
  • Resources
    • Technical
      • BPR due diligence video
      • Pension and Investment Planning Tools
    • Regulation
      • How will regulatory changes impact ESG?
      • What the US election result could mean for markets
      • The Money Marketing Podcast: US Election Special
      • A guide to ESG and responsible investing
      • Is ESG for the money or the morals?
      • Inducements - what's in and what's out?
      • Investment scams booklet
      • The role of stewardship in ESG
      • The performance review: We put 10 ESG UK equity funds under the microscope
      • Are DFMs meeting the ESG challenge?
      • Increases to the state pension and lifetime allowance
      • Pensions & ESG – the DWP strikes back
      • FCA focus on ‘sustainable finance’ set to increase
      • An asset class growing in popularity: What advisers need to know about peer-to-peer lending
      • A practical guide to Pension Transfers from defined benefit to defined contribution
      • How to manage your CPD
      • What do high UK government debt levels mean?
      • Next state pension age review must assess Covid-19 factor
    • Marketing
      • Successful Strategies to Win New Business
      • How to build a digital adviser. Part 1: your website
      • How to build a digital adviser. Part 2: emails
      • How to build a digital adviser Part 4: social media
      • Your Guide to Business Development in the New Normal
      • Creating a successful digital advice model
      • A simple guide to Metadata
      • Blogging Checklist
      • Marketing Checklist
      • SEO checklist
      • Website checklist
      • Case Studies
      • Investment Guides
      • ABI Making Retirement Options Clear
      • Equity Release - Not For Me
      • PMI - New Market Opportunities
      • Social Media Training
      • Adviser PR
      • Web Review Service
      • Communication Reviews
      • Corporate Design
      • Tailored Web Development
      • E Mail Marketing and Communications
      • Unconscious beliefs ‘key’ to sticking to advice plan
      • Advisers must embrace digital tech, just like their clients
      • The Insiders’ Guide on How To Grow Your Business During Lockdown
      • Trends 2021: Selective innovation and getting personal
    • Team Development
      • ISO 22222 - Increase your professional standards
      • SOLLA - Later Life Adviser Accreditation
    • Technology
      • Increase client face to face time
    • Proposition
      • Why 2021 could be the year of the Ssas
      • The New Protection Challenge
      • The best and worst performing funds of 2020
      • FTSE soars 3.1% on first trading day of 2021
      • Demand for advice set to 'grow exponentially' this year
      • Handling vulnerable clients who want equity release
      • Preparing your clients for a K shaped recovery
      • Shift in retirement journeys set to reshape the market
      • Managing risk in volatile markets
      • State pension now a whole lot more important for planners’ clients
      • Govt boosts support for self-employed during lockdown
      • Covid-19 job cuts cause over 55s to re-think retirement plans
      • Covid has changed advice needs
      • ESG for income and growth
      • Savings surge is an adviser opportunity
      • Four in five UK adults say they don’t have a ‘pension will’
      • Combining pensions and property
      • Why transfers in drawdown will be a key theme for advisers
      • Clever Adviser Technology Ltd
      • The Value of Advice - an insiders guide
      • The Value of Advice
      • Adviser Home Guide to Innovation
      • Designing your service proposition
      • Effective Cash Management
      • A managed sale, move and funding service for your retired clients
      • Private Medical Insurance
      • Portfolio Comparison
      • Cashflow Modelling App
      • Defaqto Engage Core
      • Protection advice made simple
      • Client Reports and Online Paraplanning
      • Technical Support
      • Guide to the changing face of protection cover
      • Advising on income protection
      • Business Protection
      • The future of cashflow modelling
      • Equity available in UK homes soars to £600bn
      • Battling the pension scammers
      • Billy Burrows: The way we advise clients will change
      • Why advice finally feels relevant
      • South West: Bonds we can depend on
      • Pandemic forcing a widespread rethink of retirement plans
      • Guide To Post-Covid-19 Retirement Planning
      • Global Investor Behaviours and Attitudes: A Cross Generational Overview
      • Rohan Sivajoti: The one page business plan
      • Protection conversations increasingly common for advisers
      • Generate new business with tax-efficient investments
      • Fixed income in the new normal
      • The risks that investors should prepare for in 2021
      • FTSE sinks 3% amid Covid chaos
      • Longevity: The hub of retirement planning
      • Are investors adjusting to the new normal?
      • Women urged to check pensions for underpayment
      • How to manage pitfalls of giving wealth to next generation
    • Adviser Business In Testing Times
  • Sustainable Investments
    • Sustainable Investing - Rathbone
    • Sustainable Investing - M&G
    • Sustainable Investing - Schroders
    • Sustainable Investing - Hermes
    • Sustainable Investments - Pictet
  • About
  • Events
  • News
  • Newsletter

Weekly Updates

John Lappin

Our Industry Commentator with his top news links each week.

'Feeding frenzy' headlines do IFAs no favours

Advisers are on the front of the weekend Financial Times for all the wrong reasons. The full headline is grim for the sector ‘Port Talbot workers lured to opt out of pension fund in adviser ‘feeding frenzy’. Here is the link though the story is, of course, behind the FT paywall.

A few thoughts from your reviewer - some steelworkers have been placed in plans that seem to be high charging, high risk or in one case with a fund manager that only recently set up so you would struggle to see how it manages to be on any approved list.

There has been talk on Twitter of marketing fees and introducers, which seems to be very much in contravention of all manner of regulations. However, the story does not mention enough advisers to quite add up to a feeding frenzy.

But however many people are involved, it is very bad news for the sector. The IFA trades need to get on top of this story. Citywire has made some effort but surely this should be all hands to the tiller, whatever budget editors have these days. Why they are not all over this story is rather baffling.

Anyway, it is not all bad news. Advisers are organising to go to both Port Talbot and Scunthorpe to review the advice to date.

In other news, HMRC wins a £44m film scheme battle. Richard Sharp, a member of the Bank of England’s Financial Policy Committee, has warned that too much borrowing could turn the UK into Venezuela! Not sure about the headline. It is not a Bank of England warning exactly but a warning from an independent outside adviser. Bad news for the Chancellor.

The Yardstick Agency’s Philip Bray gives his top five adviser marketing tips. Among other things include case studies on your website.

The FCA has taken action against two unauthorised firms recommending unorthodox Sipp investments including forestry. When will it end?

The Parliamentary and Health Ombudsman is working with the Independent Case Examiner to streamline the process of dealing with WASPI complaints about changes in the state pension age.

Royal London’s Steve Webb says difficult decisions on pension tax relief have been put off and the Chancellor spared the difficult choice because of a tweak to way Housing Association debt is calculated.

Architas has divested from Neil Woodford’s Equity Income fund. FTRC’s Ian McKenna lists 13 fintech projects advisers need to look out for.

Back

Our Sponsors & Partners

Orbis
Pictet Asset Manegement
Funds Network
Clear
Octopus Investments
Aegon
Brooks Macdonald
Schroders
Previous
Next

Contact Us

  • Partners
  • Contact Us
  • Terms & Conditions
  • Data / GDPR
  • Privacy Statement

Social

Follow us to stay up to date with the latest industry news

  • Twitter
  • LinkedIn

Newsletter Sign Up

Fancy getting all the latest news direct to your inbox?

Please do not fill in the above field to help us identify genuine requests.

Adviser Home

© 2021 Adviser Home

Website by Clear

Back To Top

Sign up to the Adviser Home newsletter

Please leave the above box empty.

After you register your details with us we will communicate with you by email as follows:

Each week you will receive an update bulletin “InfoMix”. You will also receive, normally weekly, a single email on a subject of relevance to your role as adviser or provider.

For providers we will also from time to time - normally 3 or four times a year, tell you about Adviser Home initiatives or opportunities for you to partner with us.

At any time you can elect to stop receiving emails by unsubscribing.

Your data will only be shared with a third party with your specific written agreement. Our full GDPR policy is found here

Please leave the above box empty.

Please leave the above box empty.