Tag Archives: financial advice
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
Posted in pensions
Tagged advice, auto enrolment, Business, Business and Economy, Charles Roxburgh, dc pensions, FAMR, FCA, financial advice, Financial Advice Market Review, Financial services, Financial Services Authority, Government, HM Treasury, Nick Prettejohn, Pension new, regulatory environment, Retirement, Society, Tracey McDermott
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Can IFAs create their own profession?
James Walker has published BWD’s assessment of the prospects for firms offering financial advice as their core product. He paints a picture of rising regulatory costs and sluggish growth prospects preventing IFA practices from employing the young blood to refresh it. Last … Continue reading
Posted in advice gap, FCA, Financial Conduct Authority, First Actuarial, Personality
Tagged advice, Business, career, DWP, Employment, financial advice, financial planning, IFA, Jim Thomson, pension, Pension new, pension playpen, profession, regulatory costs, Thomson Grey Wealth Management, trust
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The bondage of advice.
Is this what we call regulated advice? Yesterday I told a cautionary tale about a friend who came close to sacrificing 105% of 10 years projected growth on his pension pot in advice and management fees. He asked the question “how can this … Continue reading
A tax on a tax
Yesterday I wrote about the various Government interventions that employers in the UK have had to cope with. My point was that the employer is increasingly being used as the unpaid agent of the welfare state. Auto-enrolment is one case … Continue reading
“Collaboration” is not a dirty word
In this article, I am setting out First Actuarial’s and Pension PlayPen’s auto-enrolment strategy for 2015 and beyond. It is a strategy that sets out to collaborate with not compete with advisers. Why we chose to work … Continue reading
Posted in accountants, actuaries, advice gap, pension playpen, pensions, Pensions Regulator
Tagged Business, dc pensions, Defined benefit pension plan, Employment, financial advice, Government, IFA, independent financial advice, independent financial advisers, Pension Play Pen, pension playpen, Pension Regulator, pensions, Retirement, Steve Webb, workplace
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Re-energising trusteeship (for a DC world)
My recent blog pointing out that DB trustees tend to make bad DC trustees has gone down like a lead balloon with certain DB trustees. I don’t think is surprising. The next question is whether we can find a … Continue reading
Posted in annuity, Trades Union Congress, trustee
Tagged Education, financial advice, Financial Capability, trustee
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An open letter to IFAs – advice needed on pensions
I was a self-employed adviser between 1984 and 1995 and know what it’s like to build an advisory business, I made some mistakes, the worst of which was taking too short a view on my relationships with clients. … Continue reading