Tag Archives: IFA
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
Posted in pensions, Value for Money
Tagged Chir Sier, IFA, IGC, JLT, measure, past performance, trustee, Value for Money, VFM, wealth management, words
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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 CETV, Consultants, defined benefit, final salary, IFA, pensions, SIPP, transfers, WTW
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
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 advice, FCA, FSCS, IFA, Membership, self-regulation
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 7IM, FCA, IFA, platforms, Price, Technology, value, Value for Money
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 advice, IFA, Martin bamford, St James Place, Wealth
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 IFA, Lewis, Martin Lewis, Paul Lewis, pensions, RDR, Sue Lewis
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
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 advice, Discount rate, FABI, heaven, hell, IFA, pensions, transfer-value
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 CETV, Critical yield, DB, dc, defined benefit, Defined Contribution, IFA, Philip Green, transfer advice, transfers
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