40% of advisers forced to hike DB transfer fees
‘Access to affordable pension transfer advice is likely to get far worse for consumers’
PFS
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Quarter of UK adults have low financial resilience due to covid
FCA survey shows number of at risk Brits has shot up 15% since the start of the pandemic
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‘Vital’ to bring in wave of new financial advice talent
Over 80% of PFS members would recommend reskilling to second careerists joining sector
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PFS unveils financial vulnerability taskforce
To promote a ‘greater understanding of clients’
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FCA makes mass-marketing ban for mini-bonds permanent
UK financial watchdog introduced a temporary measure at the beginning of 2020
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PI cover rise for 95% of PFS members with DB permissions
Over a third of financial advisers saw their premiums soar by more than 50%
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Nearly 40% of PFS members hit by reduction in new clients
Covid has forced firms to use ‘digital channels’ and ‘existing client base’ to develop relationships
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How much has covid forced financial plans to change?
27% of advisers said clients have reduced how much they save and spend each month
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PEOPLE MOVES: Brooks Macdonald, Shard Capital, Raffles FO
Investment manager names CIO, while wealth firm makes c-suite change
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PEOPLE MOVES: Barclays, SJP, MetLife Gulf
UK group names head of private bank Europe, Monaco and Switzerland, while wealth firm bolsters Asia arm
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PFS calls on insurers to improve customer experience
Following International Adviser investigation into discrimination against some clients
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Is AuM the best way for advice firms to segment clients?
Increasing regulatory requirements have made the process seem like a ‘daunting task’