Phil Clegg, Author at CCFPS

What is Wealth Management and what are wealth management advisers?

Posted on 28th August 2019 (16th July 2024)

Essentially, the term “Wealth Management” is used to describe a financial adviser’s “holistic” approach to a client’s finances. In other words, not just looking at advice on a particular investment or objective, but looking at everything including tax, retirement planning, estate planning etc. Many assume that only the very rich need a “Wealth Manager”, but […]

Top 5 pension scams revealed

Posted on 21st August 2019 (13th January 2020)

New research published as part of the Scam Smart Campaign organised by the Financial Conduct Authority and The Pension Regulator has revealed that 42% of people said they might fall victim of a pension scam. That’s potentially over 5 million people. In 2018 over £27million was lost to pension scams and the average lost was […]

Less and less people will be able to transfer their pensions in the near future

Posted on 20th August 2019 (16th July 2024)

It seems like the Financial Conduct Authority (FCA) is likely to introduce a ban on “so called” contingent charging at some point in the not too distant future. This ban will only apply to advice provided on Defined Benefit pension transfers. The simplistic view of the FCA is that if advisers only get paid to […]

Have you been over charged on your pension withdrawals by HMRC?

Posted on 15th August 2019 (5th July 2024)

More “shocking” news from MHRC about how pension savers are being mistreated. Well perhaps not really “shocking” at all, if you work in financial services. The latest figures from HMRC show that a record £46 million was reclaimed by pension savers in over taxation in the three-month period April – June 2019. That is a […]

Why does advice cost as much as it does?

Posted on 15th August 2019 (13th January 2020)

There are a number of reasons why it may seem like the cost of financial advice is high. One is very simple – supply and demand. Since 2012 over half of all financial advisers have left the market so there simply aren’t enough advisers to go around. Another reason is the ever-increasing cost of regulation. […]

Contingent charging – good or bad?

Posted on 21st June 2019 (13th January 2020)

Contingent charging continues to be in the news. Despite the FCA considering that contingent charging doesn’t actually lead to bad practice, the Work and Pensions Select Committee think otherwise and are threatening legislation to ban the practice, Under contingent charging (in the area of defined benefit pension transfers) clients only pay a fee if the […]

Author: Phil Clegg

Posts by Phil Clegg

What is Wealth Management and what are wealth management advisers?

Top 5 pension scams revealed

Less and less people will be able to transfer their pensions in the near future

Have you been over charged on your pension withdrawals by HMRC?

Why does advice cost as much as it does?

Contingent charging – good or bad?

We have been very happy with the service and everyone we have spoken to at the office has been very helpful.

Adele was very easy to like from the moment we met her. She always arrives on time, and she has changed our lives in as much as showing us how to enjoy our money more.

The service provided was both professional and extremely helpful, without Christina’s help we would have lost money and took a long time to obtain our pension funds.