White-labelling, training and bulk rebalancing tools offered to advisers by providers look set to be caught by inducement rules, the FCA has said in its platform interim study, reports New Model Adviser. The regulator is also likely to scrutinise IFA equity stakes in the platforms they used.
In addition, it is also concerned about some of the ways in which risk is described in model portfolios. Could be quite a big shake-up though things can change between interim and final reports.
A second IFA, Retirement & Pension Planning Services, has gone into liquidation due to advice on transfers from British Steel.
Professional Adviser’s Hannah Godfrey gives her thoughts on the Great Pension Debate in Port Talbot, which saw advisers discuss how to do things better but also meeting steelworkers who gave their stories.
The Lib Dems want to introduce a cooling off period for big withdrawals from pensions.
The DWP has clarified that mortgage protection is exempt from means-testing, a move experts believe could see the development of new products.
Nest moves into investment in commodities for its default fund.
President Trump signals that a soft Brexit will kill any chances of a UK trade deal though this was before he retracted the remarks.
A report by former Which? boss Richard Lloyd has – mostly - given the Financial Ombudsman Service a clean bill of health after criticisms raised in a Channel Four documentary.
In FTAdviser Jeff Prestridge considers the final demise of Equitable Life.