Nowadays, mis-sold SIPPs (self-investment personal pensions) and alternative investment funds are firmly entrenched in the public’s perception as one of the pitfalls of retirement planning – but this has not always been the case. Mis-sold SIPPs and alternative investments have … Read more ….
Pension transfer claims are complex procedures with varying rates of success that depend upon a broad range of factors. They are heavily dependent upon a client’s retention of information, requiring thorough and accurate accountings of any defined benefits (DB), cash … Read more ….
The Financial Conduct Authority (FCA) is responsible for the safeguarding of various pension schemes, including defined benefit (DB) pensions which involve a guaranteed income upon retirement with potential extra non-monetary but high value benefits. DB pension transfers have received a … Read more ….
Advisers have welcomed the ruling from the Financial Conduct Authority (FCA) that providers’ free transfer value analysis (TVAS) reports are inducements. It follows warnings in New Model Adviser® last year that IFAs who used them were risking a conflict of interest that … Read more ….
IFAs have backed the need for advice on drawdown after an FCA review found that many non-advised customers are not acting on the information providers give them. An FCA review into the non-advised drawdown market late last month found 37 … Read more ….
The FCA has warned consumers that a scam firm has been pretending to be Jupiter Asset Management. The clone firm, has been operating under the name of “Jupiter Fund Management” but is not related to the real Jupiter. According to the … Read more ….
Contingent charging is a controversial issue which is believed by many authorities to drive pension mis-selling, particularly when it comes to coordinating defined benefit (DB) pension transfers into other types of pension investments. This policy allows financial advisers to charge … Read more ….
Self-invested personal pension (SIPP) provider Carey Pensions has denied links to unregulated introducers in a High Court dispute to determine whether the firm mis-sold a SIPP to lorry driver Russell Adams. The Financial Conduct Authority (FCA) has previously warned firms … Read more ….
As the UK advice market’s drive towards professionalism continues, advisers are questioning whether a new fiduciary standard would improve conduct and the reputation of the sector. Currently, advisers in the UK are bound by the FCA’s conduct of business rules … Read more ….
Investors’ pursuit of compensation over money held in the Ingenious Media film scheme has broadened to include advice and wealth firms, including IFA firm Haibun Partners and Close Brothers Asset Management. In documents, seen by New Model Adviser®‘s sister title Wealth Manager, Close … Read more ….