Tag Archives: IFA

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

Posted on August 8, 2022 by henry tapper

“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.

Posted on July 28, 2022 by henry tapper

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 →

Posted in pensions | Tagged , , , | 1 Comment

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

Posted on July 22, 2022 by henry tapper

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.

Posted on June 23, 2022 by henry tapper

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?

Posted on March 2, 2022 by henry tapper

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?

Posted on February 12, 2021 by henry tapper

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 →

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

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

Posted on November 29, 2020 by henry tapper

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 →

Posted in advice gap, age wage | Tagged , , , | 1 Comment

How to Find Good Financial Advice

Posted on June 19, 2020 by henry tapper

This article is by Paul Lewis and it is a very important reminder to us , not just of the need for financial advice, but to find good advice How do I find a good financial adviser? It’s a question … Continue reading →

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Furloughing financial advice?

Posted on April 17, 2020 by henry tapper

This blog has been furloughed

Posted in advice gap, age wage, pensions | Tagged , , , , , | 7 Comments

In defence of professional indemnity insurance

Posted on December 10, 2019 by henry tapper

  Insurance markets do not lie, they reflect perceived risk. The cost of professional indemnity insurance for IFAs is rocketing (I know – I’ve been quoted). This is as a result of increased perceived risk of claims against insurance from … Continue reading →

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