UK-based platform provider Novia has seen the number of exchange-traded funds (ETFs) selected by advisers soar over the last year, but the firm’s chief executive said more needs to be done to familiarise IFAs with the products.
Senior industry figures have agreed that the regulatory and legal requirements around the new pension freedoms pose a problem for policyholders, but are split on the ABI urging the UK Government to scrap paid advice for those with guaranteed annuity rates.
The Association of British Insurers (ABI) has urged the UK government to drop the need for pension holders with guaranteed annuity rates to pay for advice.
Chris Groves and Sophie Dworetzsky from international law firm Withers outline six of their expectations for July’s Budget.
The vast majority of pension fraud cases reported in the UK last year were linked to fake pension liberation schemes, new figures reveal.
Thousands of UK savers have collectively withdrawn more than £1bn from their pension pots after new freedoms were introduced in April.
Sebastian Lyon, Tom Dobell and Mark Mobius are among the names humbled in Chelsea Financial Services’ latest DropZone of the worst-performing funds over the past three years.
Financial advisers see self-select websites and direct investment platforms as their greatest competition going forward, a new poll has revealed.
The number of UK financial advisers requiring a specialist pension transfer qualification to give advice on transfers is expected to jump significantly as more people make use of the new freedoms.
The UK’s financial watchdog has published a paper outlining whether an adviser would be liable for losses when dealing with clients who insist on taking action against their advice.
The Financial Conduct Authority has succumbed to pressure from SIPP providers to make the calculation of capital easier and less costly when new rules comes into force in September next year.
Huw Evans, director general at the Association of British Insurers (ABI), has called on the UK’s Financial Conduct Authority to re-assess the difference between advice and guidance in order to support a wider range of UK consumers.
