It will be interesting to hear advisers’ views about the appointment of Hector Sants to head the new financial guidance body. He got mixed reviews during the financial crisis. This is, of course a very different job.
New Model Adviser rather harshly suggests Darth Vader is back on the Death Star arguing, among other things, that Sants dismissed concerns that the RDR would lead to an exodus of advisers. I seem to remember the Citywire group of titles being quite the RDR cheerleaders themselves.
The article also details how the announcement was made by accident with Sants named as chair in an ad for non-execs on the Cabinet Office website.
Rowley Turton’s Scott Gallacher worries that the GDPR is taking so much time that it is almost counterproductive for clients. From the comments, it is clear that other advisers agree.
The boss of Intrinsic Andy Thompson makes the case for contingent charging on pension transfers.
Simoney Kyriacou, discussing the FCA’s potential clampdown on credit and bank charges, suggests that you cannot regulate for stupidity.
Mark Neale, boss of the FSCS, has defended the insolvency process for Beaufort Securities and the fees charged by PwC.
Professional Adviser reports on the escalating trade war, provoked by President Trump.
Jack Rose, head of tax products at LighTower Partners, asks if advisers are making the most of the Resident’s Nil Rate band.
Chinese A shares make their debut in the MSCI indices.
Nutmeg suggests that financial planning will be digitised in ten years. A big call!