Mysterious allowances making pensions murky: SJP
Pension rules are still a murky area in the eyes of savers and tax allowances continue to be a mystery for many people, warns Ian Price, divisional director for pensions at St James’s Place.
Best Practice
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Drive out badly behaved, life companies urged
International life companies must help the industry improve by driving out people who are not behaving properly, a senior asset management figure told International Adviser’s Fund Links Forum on Thursday.
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Winners of International Adviser Life Awards 2017
The International Adviser International Life Awards 2017 were announced on Thursday at London’s The Langham Hotel during a dinner held after our flagship life industry conference, the Fund Links Forum.
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Buoyant advisers nervous about Brexit
Despite economic headwinds, political uncertainty and a millennial generation failing to save enough, the financial advice industry is optimistic and hiring, according to a new report by Aegon.
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Divorce rate pushes women to seek advice
Greater numbers of UK women are seeking financial advice due to increasing rates of divorce and the rise of female entrepreneurs, but the industry still lacks diversity and is struggling to attract female IFAs.
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Liars using money saving expert to con victims
A host of dodgy companies and scammers are “trying to leach off the hard-earned reputation” of website MoneySavingExpert.com and its founder Martin Lewis.
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No safety net for life policy part surrenders
HM Revenue & Customs will be able to review “disproportionate” tax bills slapped on people who withdraw money from their life policies but “it is crucial that this isn’t seen as a safety net”, warns Old Mutual Wealth tax and financial planning expert Rachael Griffin.
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Intelligent Money launches platform for inactive IFA clients
Investment manager and Sipp provider Intelligent Money has launched a white-labelled investment tool that allows advisers to offer a low-cost proposition to inactive clients they no longer serve face-to-face.
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Hansard and Fidelity unveil retail client risk profiling tool
Isle of Man-based savings provider Hansard International has teamed up with global asset manager Fidelity International to launch a tool to help financial advisers identify the risk profile of retail clients.
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Conflict of views on offshore bond IHT rules vexes adviser
Two international life companies gave conflicting views on the tax treatment of offshore bonds to chartered financial planner Patrick Murphy, of Zen Wealth, in his quest to offer fee-based advice for his UK domiciled clients who have been tax resident in Spain for 10 years.
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Rachael Griffin talks technical expertise in the financial planning process
Rachael Griffin, head of trusts and technical solutions at Old Mutual Wealth, explains how technical expertise in the financial planning process is becoming increasing important, and shows how regulatory change can be an opportunity rather than a threat, helping advisers to demonstrate the value of advice to their clients.
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Complaints against SJP up but Sesame worst advice offender
The UK’s Financial Ombudsman Service (FOS) received 22% more new complaints against St James’s Place in 1H17 compared with 2H16 and, despite a drop in the number of complaints against Sesame, the network remained the most complained about advice provider.