I often smile when I read about ‘the next big thing’ in financial services -it’s a sure sign that the so-called experts have no idea.
It has been encouraging recently to read about the increasing numbers of Financial Planners and Paraplanners completing their Level 6 (and higher) qualifications.
A recent experience with a prospective client really brought home to me how confusing adviser charges must be for Joe Public. With so many companies offering so many different services and with such varying charges, how are clients really able to compare charges and what they’re going to get for those charges?
Our most read story this week is the news that the FCA is to launch a review of financial advice. Yes, just when you thought it was safe to go back in the water there’s another regulatory shark in the sea - potentially.
The publication of the FCA’s Business Plan for 2019/20 set me thinking once again about the effectiveness of the regulation of retail financial services.
Since the 2008 financial crisis, regulators have held many firms to account for failings, but very few individuals. The Senior Managers & Certification Regime (SM&CR) was introduced to address this.
A recent meeting with a client really brought it home to me the impact that we, as Financial Planners, can have on our clients.
In a Dear CEO letter issued on 22 March to pension providers the FCA appear to imply that the role of a pension provider is now as a gatekeeper for defined benefit transfers.
I’m in the UK to launch my new book, A Golden Civilization & the Map of Mindfulness, and the London portion of a global movement of Golden Civilization Conversations (www.AGoldenCivilization.com) already in process on 5 continents. It is the purpose of both the conversations and the book to life plan civilization.
Chloe Moran recently shared her daily stresses as a Paraplanner, many of with which I could identify. I think it’s healthy to talk about these things; laying them out on the table can be a cathartic exercise resulting in positive change.
Financial Planning is a relatively unknown career path, and Paraplanning within that is even less well known.
If I had a penny for every time someone asked me how I got into financial services I would be pretty rich by now.
It seems natural to write about the tax year end and ‘ISA season’ at this time of year.
The 14 March saw the 30th anniversary of Nigel Lawson’s budget speech which conceived the idea of a SIPP (although the name and acronym emerged some time later).