Archives for 2022
Pummeled pot ETFs face worse ahead after Senate banking letdown
PFS abandons today’s Emergency Board Meeting
The Personal Finance Society has blamed a lack of CII directors attending for its decision to abandon an Emergency PFS board meeting today. The PFS President Caroline Stuart said that there were not enough CII directors to form a quorum, a minimum number of directors needed for the meeting to take place. She said the […]
PFS abandons today’s Emergency Board Meeting
The Personal Finance Society has blamed a lack of CII directors attending for its decision to abandon an Emergency PFS board meeting today. The PFS President Caroline Stuart said that there were not enough CII directors to form a quorum, a minimum number of directors needed for the meeting to take place. She said the […]
O&M adds DB transfer analysis service
Financial Planning and DB software provider O&M Pension Solutions has launched a service to help adviser with retrospective DB transfer analysis. Advisers can add the DB transfer analysis tool to O&M’s FinCalc Financial Planning software. Advisers can request reports that can be back-dates as far as 1 May 2012 using the FCA rules and assumption […]
PFS’s Matthew Connell: Unraveling Consumer Duty
In this exclusive column for Financial Planning Today magazine, Dr Matthew Connell, director of policy and public affairs at the Personal Finance Society, unravels the FCA’s new Consumer Duty. ‘As we have all been made fully aware, the FCA’s Consumer Duty is set to come into force for new and existing products or services on […]
Rising care costs push retirement pot need to £470,000
Retirees wanting a comfortable retirement and enough money to pay for later life care need to build up around £470,000 in retirement wealth due to the cost of living crisis, according to a new report. The crisis has pushed up the cost of two years of care by £85,000 compared to five years ago, according […]
Edward Jones to add over 1,500 advisors in 2023, both homegrown and raided from rivals
TPR hires FCA exec Nausicaa Delfas as new CEO
The Pensions Regulator (TPR) has recruited experienced regulator Nausicaa Delfas to be its new chief executive. She joins from her current role as executive director, governance, at the Financial Conduct Authority. Until recently she had been seconded from the FCA to be interim chief executive and Chief Ombudsman of the Financial Ombudsman Service. Ms […]
How “Probability Of Success” Differs Between One-Time And Ongoing Financial Plans
Monte Carlo simulations have become the dominant method for conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. By distilling hundreds of pieces of information into a single number that purports to show the percentage chance that a portfolio will not be depleted over the course of […]