Tag Archives: IFA

How do you annoy a wealth manager?


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!


  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.


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


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.


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.


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?


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.


“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.


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.


  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