Crackdown on Financial Planning adverts The Financial Conduct Authority (FCA) has revealed that it took action on over 20,000 financial promotions in 2024. That was double the number in 2023. Many of the financial promotions involved crypto currency. The action taken resulted in the adverts either being amended or withdrawn altogether. According to the FCA […]
Pension advice needed to avoid retirement shortfall Once again, the latest figures show just how much pension advice is needed to help people to avoid a retirement shortfall. This is not new. We’ve seen year after year that the problem is just getting worse. People are just not saving enough for their retirement. The latest […]
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Are smaller local Independent Financial Advisers the best option? According to speakers at the Citywire New Model Adviser Summit in January, small local Independent Financial Advisers were said to the best option for clients looking for a bespoke service. They suggested the comparison between dining at McDonalds against a small local independent restaurant. A good […]
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According to L&G, pensioner financial advice is badly needed with a quarter taking their pensions too early. The report in conjunction with Turn2us debt charity found that: 27% didn’t take any pensioner financial advice before withdrawing their lump sum. 10% withdrew their whole pension pot in one lump sum. Whilst 60% took less than their […]
Over 60% of young people take less than 24 hours to make investment advice decisions. That’s according to research conducted by the Financial Conduct Authority (FCA) who spoke to younger people aged between 18 and 40. Other interesting facts and figures to come out of the survey included the fact that: 15% of younger people […]
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Latest on pension transfer advice requests Pension transfer advice requests are being unnecessarily delayed according to figures from the Money and Pensions Service. Under Department of Work and Pensions (DWP) rules, pension transfer advice requests must be stopped and investigated if certain red flags are discovered by the pension provider. The rules are very strict […]
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