Tag Archives: open finance

Four ways for financial advisers to open for change

Posted on October 16, 2020 by

The self-referencing loop Caught in a self-referencing loop, the debate about how financial advice can involve seems doomed to repeat itself indefinitely. Last night I listened to four experts (who weren’t practicing financial advisers) discuss for 90 minutes how financial … Continue reading →

Posted in pensions | Tagged , , , , | 3 Comments

A radically simple solution to dashboard delivery.

Posted on March 18, 2020 by

Pension Bee has produced two important papers in the past week. The first is its response to the FCA’s call for input on Open Finance The second is yesterday’s public  call to action to bring open pensions as part of … Continue reading →

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Client onboarding & the cost of advice

Posted on March 11, 2020 by

Heather Hopkins explains why we need open finance. A debate erupted between Henry Tapper and Rob Reid recently on Twitter, which came down to a stat published by NextWealth: it costs £1,500 to onboard a client. Henry asked “are advisers who charge less … Continue reading →

Posted in advice gap, pensions | Tagged , , | 1 Comment

“If you want a do-it-all dashboard – you’ll have to wait a decade”.

Posted on March 5, 2020 by

Speaking at an AgeWage/FDATA event last night, Romi Savova told a packed house that the MAPS dashboard could do little more than find people’s pensions with the detailed information we need to take decisions on our pots delivered off-dashboard via … Continue reading →

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Why delays in dashboard delivery hit the worst-off hardest

Posted on January 30, 2020 by

  This blog looks at how the information from the pensions dashboard could help those on low incomes with low savings and it focusses not on how they save, but how they spend their savings. I had hoped , following … Continue reading →

Posted in advice gap, age wage, DWP, MAPS, pensions | Tagged , , , , , | 1 Comment

Answering customer’s questions means knowing what those questions are

Posted on January 15, 2020 by

In this blog I talk about the failings of the financial services industry – the pensions industry in particular – to answer the questions people have. I look at this at three levels – at big data level – through … Continue reading →

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Will open finance transform financial services?

Posted on January 9, 2020 by

  In case we had any doubt what the answer should be, the Financial Conduct Authority asked for “proposals on how open finance could transform financial services”. There were other words for ‘how’ such as whether or if, but how was … Continue reading →

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When will pensions move out of the “paper age”?

Posted on December 19, 2019 by

Today the Pensions Bill will sit within the Queen’s speech and within the Pensions Bill will be proposed legislation to make it mandatory for pension schemes of all DC persuasions , to provide digital data to a pension dashboard. The … Continue reading →

Posted in age wage, pensions | Tagged , , , , , , , , , | 5 Comments

Open finance opens doors (to pension dashboards)

Posted on December 18, 2019 by

Pension Dashboards got a much needed shot in the arm from the FCA yesterday , with the publication of a “Call for input” on Open Finance from the FCA yesterday. The document sets out a route-map to better financial services … Continue reading →

Posted in age wage, London, open finance, pensions | Tagged , , , , , , , , | 1 Comment