Where would you like to live when you grow older? There’s a lot to consider. Will your home be manageable as you become older and perhaps less mobile?
It is easy to forget that it has been over five years since the implementation of the then FSA’s Retail Distribution Review, or RDR for short, and indeed since their replacement by the now FCA’s regime in April 2013. So, is our world better five years on? I think the answer is very much a ‘yes’.
In the final report of its inquiry into pension freedom and choice, the Work and Pensions Committee calls for a simple package of measures to create better informed, more engaged pensions savers – and offer a default decumulation pathway to protect the less engaged.
The news that MoneySavingExpert founder Martin Lewis is suing Facebook for seemingly allowing scam advertising to appear featuring his face and name should come as no suprise.
When I was growing up, my parents often told me: “It’s not what you know, it’s who you know”.
Although still in the early stages of my career, the people I have worked with, or met in the industry have been central to my development.
There isn’t anything wrong with a defined benefit transfer for the right person at the right time for the right reasons, but it is a complex decision. So rightly, I believe, there is the advice requirement but this can cause issues for those that can’t afford to pay for advice.
The Canadians are showing the lead globally and moving closer to protecting the designation 'Financial Planner' and it's about time the UK followed this positive step to improve consumer trust in the advice profession.
We asked George Kinder, the founder of the global Life Planning movement, for his views on key topics facing planners and his thoughts on the challenges ahead:
We are coming up to 12 years since the introduction of pension simplification and although it seemed at the time not to solve or simplify much I would go back to that day in a heartbeat.
I make no apologies for the fact that ‘phoenixing’ seems to be a regular topic in the industry press – a quick search of the internet brought up no end of articles on the subject, going back over a number of years.
Cast your mind back to 2035 - the year of the great blip. We had made great progress. All individuals, companies and legal entities held their accounts open to each other through the DigiChain.
Now that the season to be jolly is but a distant memory, we move into the season of resolutions and predictions for the new year.
As part of our marketing mix, we occasionally like to enter and win awards. There’s a certain prestige associated with being an ‘award-winning’ firm of Financial Planners. Our website analytics tell us that prospective clients are actively searching for this term, so serving up a handpicked list of award wins helps boost their confidence that they are contacting the right firm.