Despite having a stated objective of increasing and improving access to advice, the Government seems to be doing everything it can to prevent this from happening. Whether this is by choice, or through a lack of joined up thinking is unclear. For example, the Government seems keen to introduce a ban on so called contingent […]
Read More… from More rules and regulations that could increase advice costs.
A story from the Sunday Times personal finance section last week. A grandfather had been saving £240/month into a pension for his grandson since he was born. He gave him the pension on his 18t birthday, which was worth £118,000. This means that the grandson will probably never have to make any further pension contributions, […]
You are probably not aware, but the Financial Advice market is having to deal with the implementation of more legislation. This time its legislation called Mifid II. I won’t try to explain the full details, but one of the aspects of the new legislation is a requirement to write to clients at least once a […]
All firms of Independent Financial Advisers are required by the Financial Conduct Authority to hold Professional Indemnity Insurance, in order to provide their clients with statutory levels of protection. This is an important requirement, which gives clients the security of knowing that the advice they are given is being delivered by professional advisers, within a […]
Read More… from Professional Indemnity Insurance premiums rise by 550%
The Financial Conduct Authority (FCA) has recently launched a new TV advert warning about the dangers of Pension Scams. The campaign is backed up by radio and digital ads. Data from the regulator shows that the average amount lost in a Pension Scam is a massive £91,000! This new campaign is undoubtedly a step in […]
Are you prepared for your retirement? Have you made your plans and are ready to finish work? If you are, you’re in the minority according to numerous retirement surveys published in the last few months. See if any of these facts and figures apply to you: Almost half of over 50s don’t feel adequately prepared […]
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