Tag Archives: IFA

IFAs are right to be worried

Posted on February 22, 2024 by henry tapper

The FCA has written to the top 20 “national” firms with a questionnaire that probes what percentage of their clients are actually getting an annual review (and how many of them are paying for a service they aren’t using). Membership … Continue reading →

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Evelyn Partners – who will pay the PE piper?

Posted on February 16, 2024 by henry tapper

Evelyn Partners is a large IFA owned by private equity. Citywire reminds us The business is the culmination of years of acquisitions, backed by Permira. The PE firm first bought Bestinvest in 2014 and combined it with Tilney. It grew the … Continue reading →

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

Posted on March 17, 2023 by henry tapper

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?

Posted on February 9, 2023 by henry tapper

  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

Posted on February 9, 2023 by henry tapper

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!

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 →

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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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