Treasury ministers says HMRC will help providers, as both platforms and providers tell NMA they are struggling to implement the Lifetime Allowance abolition ahead of the 6 April deadline.
Nice topical piece from New Model Adviser as the deadline approaches rapidly this week.
This month marks the 30th anniversary of the £1 million Premium Bonds jackpot, with ERNIE awarding over 500 Bond holders the life-changing sum of money as IFA Magazine reports.
Royal London CEO Barry O’Dwyer suggests platforms will become increasingly redundant as he tells Citywire. Older advisers may recall the words of Mandy Rice-Davies but it is clear the available tech will continue to evolve rapidly and perhaps challenge some adviser/platform connections.
Investors in the Woodford Equity Income fund have received their share of £185.7m the first big tranch in the settlement from Link.
In an interesting article in Money Marketing, consultant Clive Waller suggests that advisers should move away from fees based on assets to a subscription model rather than embrace solicitor style fees, which he argues leads to a more distant relationship.
AJ Bell's Rachel Vahey in another clever analysis, again in Money Marketing, looks at the FCA retirement review to concludes that “In the end, the thematic review wasn’t so much a warning shot about products chosen or options taken, more a homily about good advice processes. Advisers need to pay attention, though. The FCA is clear: do what they want or else they will take further action.”
Her main point is that the review did not express concerns about a lack of annuity or blended recommendations, which does feel a little like an opportunity lost to ask questions about whether some clients need more secure income sources.
