Tag Archives: RDR

Do pension customers get value for money from financial advisers?


This is the last of eight blogs I’ve written in response to the Work and Pensions Select Committee’s inquiry into Pension Transparency. Today’s exam question is “Do pension customers get value for money from financial advisers?” and the quick answer … Continue reading

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“Investment advisory fees up 14%” -why?


  Can someone explain what is meant by an investment advisory fee in this context? The report appears in Financial Planning Today which describes itself as the daily news website for Financial Planners, Paraplanners and Wealth Managers. The article doesn’t mention … Continue reading

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“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

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Tax-subsidies on retirement advice; a waste of public funds!


The Government intends to extend tax breaks on pensions to allow those with pension pots to use them to pay for advice. The details are in this consultation document. The fundamental premise is that taking financial advice on retirement matters … Continue reading

Posted in advice gap, consultant, dc pensions, de-risking, defined ambition, pensions | Tagged , , , , , , , , | 4 Comments

Would you buy a recovering alcoholic a large vodka?


Offering IFAs the prospect of commission is akin to running a meeting of alcoholics anonymous in a pub. Continue reading

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Helping employers with pensions – you don’t have to be an IFA!


Since RDR in January 2013, the number of IFAs operating in Britain has more than halved from 50 to 24,000. The ban on commission or its sibling “consultancy charging” has made it all but impossible for IFAs to make money … Continue reading

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Disruption – is how social media regulates


In the context of Business continuity management, Disruption is an event which causes an “unplanned, negative deviation from the expected delivery … according to the organization’s objectives”. In this blog, I argue that disruption is part of the governance process … Continue reading

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The state of corporate advice at #casummit


  The corporate adviser summit has been held every October in a swanky hotel somewhere in the home counties. This year we are in a frightful faux castle near Horsham complete with fake arrow slits and other accoutrements of the English … Continue reading

Posted in advice gap, annuity, auto-enrolment, dc pensions, Retirement | Tagged , , , | 2 Comments

Vertically integrated mastertrusts? – “my arse!”


  Pardon my Scouse! I throw Mick Royle at Mercer’s master trust (and the incipient Aon Hewitt master trust). “Vertical integration” is where the supply chain of a company is owned by that company. Mercer have set up a master trust where they … Continue reading

Posted in actuaries, advice gap, pensions, Retail Distribution Review | Tagged , , , , , , | 2 Comments

Why we don’t need to fear a pension “advice gap”.


Last night it was the House of Lords, this morning it was a Parliamentary Select Committee. Both were concerned that an “advice gap” has been created that will mean poor people do not get financial advice on retirement planning. The argument goes that … Continue reading

Posted in auto-enrolment, dc pensions, NEST, pension playpen, pensions, Popcorn Pensions | Tagged , , , , , , , | 6 Comments