This is quite a broadside. Money Marketing’s resident controversialist Nic Cicutti suggests that vertically integrated advice businesses risk a repeat of broker funds. He believes that the FCA should intervene because such funds are not offering value to customers.
The sub-heading rather says it all – “The regulator knows the model is often used to extract money from hapless investors who lose out unnecessarily.”
An adviser who was managing director of a collapsed IFA linked to British Steel Pension Scheme transfers has won the council seat of Tudhoe in County Durham.
Mark Abley won the county seat of Tudhoe as a Conservative in this week’s local and council elections polling 896 votes, 261 more than Labour candidate Andrew Anderson.
The firm lost its permissions as part of the pension transfer debacle.
Just's communication director Stephen Lowe argues that the FCA’s stronger nudges for the pre-retired are the wrong solution at the wrong time.
HMRC is pursuing Gary Lineker in a £4.9m IR35 case.
The FCA is expected to continue reviewing firms’ defined benefit transfer advice until at least spring 2022, FTAdviser reports.
Aviva’s advice arm has moved beyond pensions and into investments.