Tag Archives: IFA

Will pension reforms see a free-for-all for the wealthy few?

As the dust settles following the Chancellor’s bombshell abolition of the Lifetime Allowance, lawyers and pension consultants are looking at what has actually happened and what it means going forward. Rosalind Connor of Arc Pensions Law offers an interesting opinion … Continue reading

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How should you divorce your financial advisor?

  Marriages always start so well and that’s the same if you are getting into a relationship with a spouse or your financial advisor. Many people selecting  an IFA find themselves in “shock and awe” at a handsome report presenting … Continue reading

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Advisers should welcome (not fight) the FCA’s review of in retirement advice

Thankfully , I find  Al Rush’s tweet shocking. If I didn’t – I could have no faith in financial advice and financial advisors. @henryhtapper 👇🏻 https://t.co/IWPFzjn9vx — Rush (@exRAF_Al) February 8, 2023 The vast majority of clients of IFAs rightly  … Continue reading

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If this is (pension) freedom – I’m a banana!

“Why employees need independent advice before deciding what to do with their pension freedoms”- REBA This is the headline from a leader in REBA, the employee benefit magazine. I mention “employee benefits” with a grimace, for many benefits sold to … Continue reading

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The consumer duty – another important step along the road.

There is already an instrument in place that determines value for money – it is called the free market. If a client feels they are not getting value for the product or service they are paying for, they go somewhere … Continue reading

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The pension transfer mess: who pays and what’s paid?

There’s an irony to PAC’s assertions. It was extremely critical of the FCA in almost every aspect but never even questioned a key one: the FCA’s own assessment that transfers were very widely unsuitable at BSPS. This is now being … Continue reading

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Positions on redress for British Steel workers harden.

The FCA is in an awkward position as it consults on the redress it is looking to pay to British Steel workers who claim they were advised poorly to leave the BSPS scheme. On the one hand they have disgruntled … Continue reading

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Why is Aviva buying Succession – an IFA consolidator?

Just as Scottish Widows moved on Embark, so Aviva has moved on Succession, announcing its £385m acquisition of the IFA consolidator as part of its annual results this morning. Aviva says the deal would “significantly” enhance its presence in the … Continue reading

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Whatever happened to the Standard Life?

Life insurance companies are not in favour and haven’t been for some time. The consolidation of the sector around a few financial behemoths L&G, Aviva,  Royal London , Prudential , Quilter , Aegon , Just and LV= leaves no trace … Continue reading

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Is GMP equalization an opportunity or a sand trap for advisers?

There is a roaring silence surrounding the second judgment on GMP equalisation which was delivered against the Lloyds Banking Group pension scheme but impacts all DB pension schemes that contracted out using the Government’s system of Guaranteed Minimum Pensions. The … Continue reading

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