The financial services industry is always bickering about something or another and this should stop, according to Anthony Villis, managing director at First Wealth reported in FTAdviser.
““I just get bored of tied or independent fixed fees against ad valorem or evidence-based against active management. There are really good advisers operating in all those different models and they are also really bad advisers operating in all those models so rather than this sort of entrenched 'my way is the best way', I wish sometimes people thought there were bigger problems to solve here such as diversity and inclusion and climate change,” he says.
An abolition and later reinstatement of the lifetime allowance (LTA) would increase complexity for a pension system which is already in “dire need” of simplification, according to the Society of Pension Professionals.
It is remarkable that important details are still lacking and currently Labour policy would be to reverse the move though even that is not simple.
Advice firm Calton Wealth Management has set out plans to incorporate artificial intelligence (AI) into its advice process, as Money Marketing reports.
The business has teamed up with advice tech firm Ningi to launch AI Copilot, which will automate part of the planning process and, it says, allow advisers to focus on human interactions.
Last week saw speculation that Aviva could be bought with shares jumping on the news.
This is interesting from the Corporate Adviser summit.
Department of Work and Pensions interim deputy director, AE and DC Rob O’Carroll tells the Corporate Adviser summit that pension schemes could be forced to close or consolidate if they are not delivering value for money or good outcomes to members.
O’Carroll said that these proposals need to be backed by “regulatory powers to tackle under-performing schemes and to scrutinise compliance within the value for money framework”.
Tough words from an official.
Mortgage rates continue to fall – this time from Nationwide as Mortgage Solutions reports.
