Tag Archives: financial advice

This market failure’s not about advice but product.


  The FCA paper on structural problems with the pension freedoms that I wrote about yesterday, is the first evidence of Government admitting all in this garden is not rosy. What has happened since 2015 is an increase in people hammering … Continue reading

Posted in advice gap, CDC, pensions | Tagged , , , , , , , | 5 Comments

Should we be wary of cheap financial advice?


Robert Reid is a very professional IFA and  someone I like a lot. He represents IFAs and stands up for their interests in Money Marketing. His latest article argues that “cheap advice” especially cheap advice on pension transfers, is wrong. … Continue reading

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My biggest financial decision was made with professional advice.


The most important single financial decision facing the baby-boomers of middle England today is what to do with their defined benefit pension rights. It is – alas – a binary decision as few schemes offering split transfer values; the choice is “should I stay … Continue reading

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Financial advice, master or menace?


Which came first, the need or the greed? Old Mutual Wealth (a company that owns one of Britain’s largest financial advice networks and is build a tied network) has commissioned a survey that tells us 90% of those between 30 … Continue reading

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What price advice?


The principal purpose of the Financial Advice Market Review carried out by the FCA and sponsored by Harriet Baldwin (Chief Economic Secretary to the Treasury) is to broaden the availability of advice to ordinary people. Critical to the purchasing of … Continue reading

Posted in Payroll, pensions | Tagged , , , , | 2 Comments

Sorting the sheep from the goats


  On Wednesday March 9th, the Work and Pensions Committee met to discuss auto-enrolment. This blog  looks at this conversation in some detail. It concludes that there is an urgent need for Government to clarify what liability there is on an employer … Continue reading

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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

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Financial advisors need better retirement products


Better products that deliver what they say I had the pleasure of Chris Radford’s company over the weekend. Chris is a consultant to pension providers , a regular at our Pension lunches and someone who thinks about the way ordinary people … Continue reading

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Bringing down the cost of advice #FAMR


The Financial Advice Market Review asks whether Britain can bridge the advice gap for those people who “want to work hard, do the right thing and get on in life but do not have significant wealth”, strip out the political … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

WOW – RDR II just broke out!


The FCA have launched what they call “a major new review looking at how financial advice could work better for consumers”. A quick scan of the Terms of Reference of this Financial Advice Market Review suggests it is as ambitious in … Continue reading

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