Tag Archives: IFA

Commission – the charge that dare not speak its name.


I feel like someone walking to a destination with a blindfold on, I am getting information from my phone but it is intermittent and there are many obstacles that I stumble over as I walk along. Thankfully, there are people … Continue reading

Posted in BSPS, dc pensions, Financial Conduct Authority, pensions | Tagged , , , , , | 10 Comments

Don’t let this be you.


This is a submission to Government from someone who fell victim to a pension scam. The questions from Government are emboldened, otherwise I have left the statement as it was sent to me. It has been circulated with  he intent that … Continue reading

Posted in advice gap, pensions, Pensions Regulator, pot | Tagged , , , , | 2 Comments

With value for money – figures speak louder than words.


The pen may be mightier than the sword but the spreadsheet trumps both. Last week, JLT published some projections which showed that if the performance differential between lousy and top pension providers continued – you’d be able to buy a … Continue reading

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So you want to pay your own pension costs- do you?


A new twist to the Pension Transfer Debate has been introduced by Willis Towers Watson (WTW) at a seminar last Tuesday at their London offices. At the event, consultants reported a ripple effect caused by the surge in members transferring out. WTW … Continue reading

Posted in pensions | Tagged , , , , , , , , | 6 Comments

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