The Personal Financial Society (PFS) has asked the Financial Conduct Authority (FCA) to reconsider its plans for assessing the amount of compensation owed to British Steel pension scheme (BSPS) members. It has asked the regulator to ditch plans to mandate lump sum compensation. The professional body said lump sum compensation does not address the central […]
Archives for 2022
Talking about inflation raises prices. Here’s how financial advisors can address the “I” word
How To Take More Vacation: An Advisor’s Guide To Balancing Work And Time Off
Taking time away from the office can have many benefits for advisors, from the personal (e.g., spending time with family and exploring new places) to the professional (e.g., resting and recharging to help prevent burnout). At the same time, being away from work (whether it is working fewer hours during the week or taking full […]
Standard Life cuts pension charges to appeal to advisers
Standard Life has reduced its personal pension charges for its AMPP and SIPP products as part of a series of upgrades designed to appeal to financial advisers. Most AMPP and SIPP personal pension clients are expected to see a 0.5% discount. The discounts apply immediately for both new and existing customers holding insured funds in […]
Pension transfer values fall to lowest since 2016
Average pension transfer values in May fell to £217,000, the lowest level seen since June 2016, as the number of transfers raising one or more warning flags rose to 83%. The fall of 7% over May for the XPS Pension Group Transfer Value Index was due to increases in gilt yields and a fall in […]
First Openwork grad scheme trainees start advice roles
The first set of graduate trainees at advice network The Openwork Partnership have moved into advice roles after completing their professional exams. The graduate scheme was launched in January 2021. The 14 graduates are either working as wealth advisers or in head office roles. They spent the last year gaining industry qualifications as well as […]
Citi must pay $1.4M to financial advisor who called it a ‘boys club’
5 ways ‘SECURE 2.0’ legislation could change retirement savings
Inside Atlantic Union’s decision to sell its profitable RIA unit
Weekend Reading For Financial Planners (June 25-26)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Senate has passed companion bills to the House’s “SECURE 2.0” proposals that would represent the most noteworthy changes to retirement savings since the original SECURE Act was passed in 2019. While changes could be […]