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Weekly Updates
Our Industry Commentator with his top news links each week.
Featured
30 July 2017
It’s all been about St James's Place this week, as the firm posts its results in the wake of that Which? exposé.
22 July 2017
Advisers argue first these are historical business practices and questions are asked first about providers who look to be potentially pocketing the trail and networks, who it is suggested, are still taking the trail from retired adviser definitely without the appropriate service being offered. There are grumbles about GAR contracts too.
16 July 2017
Is the regulator trying to put the pension freedom’s genie back in the bottle? The interim retirement options paper frets about a falling away in the annuities market and inertia in terms of consumers ending up in what might loosely called drawdown by default by not changing provider.
09 July 2017
Lee Robertson of Investment Quorum is sceptical of wealth managers’ plans to add advice services while asking why exactly they haven’t been calling themselves asset managers up to now if they haven't.
02 July 2017
IFAs look much cheaper than their restricted equivalents according to the FCA which has released some more numbers from its suitability review. Independent advice with an average upfront fee of 2.81% looks much cheaper than restricted advisers’ 3.57%.
25 June 2017
It is always a little difficult for the trade websites to follow up on merger stories broken by the national papers, but this story certainly has many advisers talking as it is suggested that Standard Life is eyeing a potential merger with Scottish Widows.
19 June 2017
The Financial Conduct Authority is conducting a desk-based study into IFA firms contracting a large amount of DB pension transfer advice. There are currently 54 firms voluntarily restricted by from doing DB business. Is this a disaster waiting to happen or indeed already happening.
11 June 2017
We are cursed to live in interesting times, while IFAs seek to make things as strong and stable for their clients as possible. Yet what does it all mean?
05 June 2017
The Conservative Party is reported to be having an internal argument about higher rate tax and a promise by defence secretary Michael Fallon that it will not rise. It is certainly interesting timing.
28 May 2017
Has the coronation turned into an election? Polls have tightened and sterling traders are nervous – it could be as much as a 20 point lead falling to five or six per cent for Theresa May and her Conservatives.
21 May 2017
A good news story on the regulatory front! Advisers are doing pretty well when it comes to suitability, less so when it comes to disclosure of charges. But this is still quite a positive story as this Reuters article demonstrates.
14 May 2017
It looks like quite a strange week for news in financial services. It has been a little bit muted with the election campaign in full swing but before we see the manifestos.
07 May 2017
Old Mutual makes a big decision which may have day to day implications for IFAs this week.
01 May 2017
So what are the repercussions of the finance bill being slimmed down to get it through? Well among other things Making Tax Digital, which would have seen small business potentially sending multiple tax returns across the year, looks to have been shelved for now.
24 April 2017
There is, as you may have noticed, an election. The big rise in probate fees is at the very least shelved by the Government because there is not enough Parliamentary time before the election.
17 April 2017
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