The Pension Regulator (TPR) has amended its guidance on pension transfer regulations that were introduced in November. The rules ask pension providers to refer consumers for guidance or refuse a transfer if there are any clear red flags that they may be the victim of a scam. Examples of where flags should be raised include […]
Archives for July 2022
TPR amends pension transfer guidance
The Pension Regulator (TPR) has amended its guidance on pension transfer regulations that were introduced in November. The rules ask pension providers to refer consumers for guidance or refuse a transfer if there are any clear red flags that they may be the victim of a scam. Examples of where flags should be raised include […]
Average UK wealth increases 59%
Average wealth from assets has grown by 59% over the past decade, according to a new report. The growth in wealth from assets including property and investments has been three times higher than the growth in average earnings, according to the report from Handelsbanked Wealth & Asset Management. Average earnings have grown 19% over the […]
Investors pull £822m in 4th month of net retail outflows
UK investors withdrew £822m from funds in May, the fourth month of net retail outflows so far this year. Equity funds saw outflows of £1.2bn, while fixed income funds saw outflows of £620m over the month. Tracker funds saw net retail sales of £877m in May, while active funds saw outflows of £1.7bn. Gross retail sales […]
Prime Minister Boris Johnson steps down
Prime Minister Boris Johnson has bowed to pressure from ministers to resign as Conservative Party Leader. He gave a resignation statement outside Number 10 Downing Street at lunchtime today. In his resignation speech the Prime Minister said the process for choosing a new Conservative leader will start now and a timetable will be announced next week. […]
Breaking away without breaking spirit with Alan Foxman
Iress to pension off Adviser Office to focus on Xplan
Fintech and back office system provider Iress has launched a new range of Xplan packages as it prepares to retire its popular Adviser Office system used by many advisers. Iress will cease support for the 30-year-old Adviser Office system in mid 2023. The company says that current Adviser Office clients can upgrade to equivalent […]
Minimizing Advisor-Client Value Conflicts Using The Principles Of Aikido
Advisors occasionally encounter situations where their recommendations conflict with a prospect’s or a client’s opinions or beliefs. When encountering this resistance, the advisor has a choice to make: either to alter their recommendation to make it more acceptable to the client’s way of thinking, or to dig in and attempt to change the client’s mind […]
Meeting younger investors where they are: Why gamification and TikTok are part of the strategy
Chancellor Sunak quits in shock resignation
Chancellor Rishi Sunak and health secretary Sajid Javid, a former Chancellor, sensationally quit the government today in a shock dual resignation. Both said they could no longer support the current government. No 10 has recently been hit by a number of damaging issues including the ‘partygate’ fines and, more recently, accusations about the behaviour of […]