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Weekly Updates
Our Industry Commentator with his top news links each week.
Featured
22 July 2018
The VouchedFor chief executive Adam Price argues that the new FCA directory – which is surely an improved version of the old directory - could see more bad advisers being selected by the public.
16 July 2018
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.
08 July 2018
The FCA has told MPs that a ban on unregulated property investments in Sipps would be disproportionate. It would be very interesting to poll IFAs on the issue because some advisers feel very strongly that this would be an intervention too far. Others are tired of helping clients try and get some money back from deals that have gone wrong and there is always the matter of the FSCS bills.
01 July 2018
Advisers are far from impressed with the Government’s decision to delay the pension cold calling ban until the autumn. Among other things they ask how many more families will be scammed before the law comes into effect.
25 June 2018
When you use a system of opt outs to increase pension saving, it is surely essential to make sure you collect the contributions.
17 June 2018
The sad and sorry tale of Equitable Life looks to have reached its final chapter.
11 June 2018
Senior staff at recruitment firm Workchain plead guilty of encouraging 67 workers to opt out of Nest. Sentencing is to follow soon. The staff were found guilty of obtaining unauthorised access to computer data as Professional Pensions reports.
03 June 2018
It will be interesting to hear advisers’ views about the appointment of Hector Sants to head the new financial guidance body. He got mixed reviews during the financial crisis. This is, of course a very different job.
29 May 2018
How much do advisers need to know about crypto-currencies other than telling clients not to bet any money they can’t afford to lose?
20 May 2018
Changes to the state pension have forced people aged 50 and above to rethink their retirement strategy, research from Retirement Advantage suggests. This hardly surprising and maybe even an intended consequence. One suspects, of course, that ministers simply wanted to save money.
13 May 2018
The DB pension market is succeeding in some serious derisking but is that risk falling on transferees and IFAs in general?
07 May 2018
After advisers and fund managers, it's now the mortgage market's turn to face the scrutiny of the regulator.
29 April 2018
Unlikely as it may seem, the PRIIPs rules could become a prime illustration of the Brexit dilemmas facing the UK. Many want to continue with alignment with many EU rules especially in financial services. But what if they are bad news for the UK and indeed the rest of Europe but we have no voice?
22 April 2018
The IMF has warned that the world economic system could be torn apart by the ongoing trade war.
15 April 2018
The FSCS has received more than 30 complaints against Active Wealth. It is such as shame but once again, it looks like good advisers will be paying for the bad. A poor show and then some.
08 April 2018
These news reviews by their very nature often feature a huge amount of bad news for the sector. Yet perhaps this is good news. Ovation Finance’s Chris Budd discusses the sale of the business to his employees using an employee ownership trust.
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