The Conservative election manifesto pledge to ditch the pensions triple lock appears to have been dropped after being left out of the Queen's Speech.
The FCA has revealed plans for changes on DB transfer advice this morning, including scrapping guidance that the adviser should start from the assumption that a transfer will be unsuitable.
Pension experts, including the former Pensions Minister have backed the scrapping of ‘outdated’ guidance on DB transfers, saying that change was “long overdue” and the regulatory framework was “past its sell-by date”.
The FCA has revealed plans for changes on DB transfer advice this morning, including scrapping guidance that the adviser should start from the assumption that a transfer will be unsuitable.
The Personal Finance Society is calling for a new independent commission for savings to “avoid an intergenerational savings crisis”, ahead of the Queen’s Speech later this morning.
Eight Financial Planning bodies across Europe, including the CISI, have backed “fintech-enabled Financial Planning”.
Fraudsters have been using a 'cloned' Blackrock Asset Management website to try to cheat investors, the FCA has warned.
A £47 million bid has been lodged for DFM Thesis Asset Management.
Half of advisers use contingent charging for DB transfers, a report published this morning suggested, as an ex-FCA specialist urged the sector to ditch the method.
About seven in ten advisers refuse insistent DB clients if their advice is not to transfer, a survey indicates.