Tag Archives: IFA

How do you annoy a wealth manager?

Posted on July 18, 2017 by

Question; how do you annoy a wealth manager? Answer; ask him about his fund supermarket.   It may offend your local wealth manager (aka IFA) but that’s what Reuters call these funds platforms the FCA are investigating and if you believe Platforum, … Continue reading →

Posted in advice gap, pensions | Tagged , , , , | 3 Comments

If you see bad advice – say something!

Posted on June 11, 2017 by

  I was very pleased to read Natalie Holt’s article in Money Marketing, we need a better way to deal with bad advice. It deals with public perceptions of financial advisers and is uncompromising. The reality of advice is lost … Continue reading →

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , | 5 Comments

“No more junkets if you cut our margins” – IFAs warned.

Posted on May 16, 2017 by

Delegates at PIMS 2017, a floating holiday for Financial Planners (and journalists), seem have  been threatened . “Platforms will struggle to cut charges without affecting existing services”, Seven Investment Management (7IM) head of platform Verona Smith told advisers (including New Model Adviser to … Continue reading →

Posted in pensions | Tagged , , , , , , , | 3 Comments

Why Martin Bamford is right to stay an independent financial adviser

Posted on March 13, 2017 by

SJP – we have been here before Martin Bamford has produced an excellent piece explaining why everyone he knows “loves to  hate St James’ Place” . It turns out that quite a few people Martin knows work for St James’ … Continue reading →

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

“People taking their own decisions”?! How the Lewis’ gang up on IFAs.

Posted on February 17, 2017 by

I don’t know if there’s something in a name, but if I was an IFA, I’d be butting my head against anything called “Lewis” this morning. There’s Martin Lewis, talking to us on the TV of taking control of our … Continue reading →

Posted in pensions | Tagged , , , , , , | 17 Comments

FCA calls on advisers to take a fiduciary role on transfers.

Posted on January 25, 2017 by

The FCA has published a very scary note intended for advisers recommending transfers from Defined Benefit schemes . In its statement published on Tuesday, the FCA revealed further failings in the pension transfer advice market, the regulator said some advisors … Continue reading →

Posted in pensions | Tagged , , , | 4 Comments

Transfer heaven or transfer hell?

Posted on January 5, 2017 by

Saturday kitchen’s binary dilemma informs on the “stampede” for a defined benefit transfer value (CETV). Those who still have this option have been offered as much as 40 times the prospective pension as cash payable to an approved pension. With … Continue reading →

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

Let’s put an end to pension transfer privilege.

Posted on January 2, 2017 by

“Sexy cash” legitimised? A few years ago , Sir Steve Webb, then our pension minister, stood in front of the PLSA and berated Boots and its pension scheme for tempting members out of the pension scheme with cash incentives. He … Continue reading →

Posted in annuity, auto-enrolment, pensions | Tagged , , , , , , , , , | 1 Comment

Five moral reasons I didn’t take my DB transfer.

Posted on December 31, 2016 by

Jo Cumbo (my journalist of the year) has finished 2016 with a fascinating article on what (her sub editor?) describes as “a stampede to cash in gold-plated final salary schemes“. I felt angry – a little bit “dirt” when I’d … Continue reading →

Posted in pensions | Tagged , , , , , , , , | 19 Comments

Can succession succeed? An everyday story of IFA folk.

Posted on December 20, 2016 by

  Yesterday I published an article about my fears of putting my money into the hands of a wealth manager. They can be summed up as Financial – the “money” bit of value for money , was skewed against me … Continue reading →

Posted in pensions | Tagged , , , , | 3 Comments