Tag Archives: Commission
Pensions UK Conference – met Pension Commission; an unlikely success
Two important plenaries; the first a Pensions Commission for a New Age The message was in the title, this is not about finishing the job needed twenty years ago, Drake and Pearce made it clear that this is a new … Continue reading
Posted in pensions
Tagged #PUK25, Commission, Jeannie Drake, Nick Pearce, Pension UK, Pensions
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Pension PlayPen’s Open Letter to Jeannie Drake and team
Pension PlayPen is a mansion with many rooms and while we like to congregate in the kitchen for coffee at 10.30 am, we go off to our studies to think. Some of my playmates did just that and have produced … Continue reading
Protecting the seller and the customer when finance is the product.
Anyone who has sold financial products in the pension sector prior to 2012 will remember commissions negotiated between salesforces and product providers. Most of these commissions were discretionary. Once a payment had been agreed , it was possible to upgrade … Continue reading
5 good reasons we have SJP
As readers of the Times know, James Coney has been exposing St James’s Place as a high pressure sales outfit that rewards its “advisers” with diamond cufflinks, overseas conventions and a lot of money for bringing client’s money under SJP … Continue reading
Posted in advice gap, pensions
Tagged Commission, Fees, pensions, SJP, St James Place, wealth tax
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Commission – the charge that dare not speak its name.
I feel like someone walking to a destination with a blindfold on, I am getting information from my phone but it is intermittent and there are many obstacles that I stumble over as I walk along. Thankfully, there are people … Continue reading
Posted in BSPS, dc pensions, Financial Conduct Authority, pensions
Tagged BBC, Commission, FCA, IFA, pensions, Transparency
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Who moved my cliche? The sorry state of the “employee benefits market”
I was suffeciently underwhelmed by the “vibrant employee benefits live exhibition” last week to stay just 20 minutes. Bearing in mind the Boris Bike ride from the City to Kensington Olympia, this represented a poor return on my time. … Continue reading
Posted in pensions
Tagged benefits, cheese, Commission, Compensation, Corporate, employee benefits, employee benefits live, platforms, reward, Technology
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So what would a pension exit charge cap look like?
Yesterday I spoke on Money Box in support of a cap on exit fee penalties from legacy personal pensions. Claire Trott spoke well in opposition and I’m quite sure that the ABI will take comfort in her argument that a … Continue reading
Posted in actuaries, dc pensions, Pension Freedoms, pensions, Pensions Regulator
Tagged ABI, advice, Commission, exit fees, exit penalties, FCA, legacy, pension, Regulator, TPR
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Would you buy a recovering alcoholic a large vodka?
Offering IFAs the prospect of commission is akin to running a meeting of alcoholics anonymous in a pub. Continue reading
Posted in pensions
Tagged advice, Business, Business and Economy, Commission, IFA, IFAs, Paul Lewis, Pension new, pensions, RDR, Retail Distribution Review, Retirement
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Helping employers with pensions – you don’t have to be an IFA!
Since RDR in January 2013, the number of IFAs operating in Britain has more than halved from 50 to 24,000. The ban on commission or its sibling “consultancy charging” has made it all but impossible for IFAs to make money … Continue reading