[email protected]
Weekly Updates
Our Industry Commentator with his top news links each week.
Featured
31 March 2019
The FCA management team sound like they are just back from an away day at Cold Comfort farm. The FCA regulator says it will approach things flexibly if firms struggle to get PI insurance due the the FOS limit changes.
24 March 2019
One gets a feeling that there is a bit of a reshuffle going on in terms of distribution in retail financial services. It isn’t reflected in lots of takeovers but there are still some very interesting deals and reorganisations happening.
17 March 2019
The outgoing chief executive of the Financial Services Compensation Scheme Mark Neale wants to see a significant rise in the payments made by the FSCS suggesting that no investor should lose out a significant proportion of their pension as a result of misselling.
10 March 2019
Confirmation of some really bad news for IFA businesses. The FCA will allow the amount clients can claim from the FOS to rise to £350,000 from April. There has been a huge backlash among many IFAs. The main concern is the impact on PI bills.
03 March 2019
The FCA has called on advisers to inform their PI insurers if they face any DB transfer complaints and reminded firms that they are responsible for ensuring their PI is up to date. It is a little odd but in the same document the FCA tells former British Steel pension scheme members what to expect if they make a complaint to their adviser including how long they should wait - eight weeks - before contacting the FOS.
24 February 2019
Lloyds plans to hire 700 wealth advisers in its new business JV with Schroders. Much speculation about whether the business will seek to emulate SJP. It will be very interesting to see how this develops and whether it can plough its own but still profitable furrow.
17 February 2019
The stark difference between big inflows into Aviva and its post-replatforming poor service show a broken platform market according to research from consultancy the Lang Cat.
10 February 2019
It feels as if the IFA sector will be grappling with the fallout from the pensions transfers debacle for a very long time.
03 February 2019
This week saw the publication of the Retirement Outcomes Review final rules and a consultation on the pathways designed to steer execution only retirees into making better decisions.
27 January 2019
Will a new report see a shake up in the regulation of pension transfers?
20 January 2019
This seems quite an under-reported story – Schroders has called for a second referendum reports Corporate Adviser to break the pollical impasse. Its view is partly informed by the fact that a soft Brexit is unlikely given the current Parliamentary make-up.
14 January 2019
Hargreaves Lansdown has rebranded the Wealth 150 as the Wealth 50 given the smaller number of funds on the list – now at 61 - and has secured more discounts. Yet as Citywire reports comments from chief executive Chris Hill saying the firm is cheaper than premium pricing IFAs may raise a few eyebrows and no doubt spark a social media debate.
06 January 2019
We begin the New Year with old news, but old news that may well interest advisers as they despair of the bad apples ever being driven from the industry.
16 December 2018
Baroness Altmann hits out at net pay pension arrangements for seriously disadvantaging the working poor who are paying into pensions. She says the government must act swiftly to end this situation and says a million low paid workers who are mostly women are losing out.
10 December 2018
Industry veteran Danby Bloch has warned advisers that the provision of financial advice has become a much more risky business.
02 December 2018
WASPI has won its bid to have changes to the state pension age judicially reviewed. Cue a great deal of debate about the implications of anything resembling a victory. This is, of course, merely a step on the way but not an insignificant one. In general, adviser opinion is hostile to a blanket reinstatement given, among other things, the implications for the public finances.
Please leave the above box empty.
Find out more about our weekly bulletins here. You can unsubscribe from our communications at any time.
We’ll only use your data in compliance with GDPR. Our full policy can be found here.
