Retirement
Retirement | 3 Jun 16
Watchdog tells wrongly-advised client to pay £1,700 exit fee
A decision by Friends Life to charge a client a £1,700 exit fee for transferring a planned pension has been upheld by the UK’s Pensions Ombudsman Service (POS), despite being wrongly advised by her IFA.
Best Practice | 2 Jun 16
Better investor defences may fill advice gap – Axa’s Willoughby
Some form of state-provided consumer protection covering financial products is needed to overcome the “advice gap” in the UK, says Simon Willoughby, head of Proposition for Axa Wealth International.
Brexit vote unlikely to hit financial advisers in short term
Political and economic uncertainty surrounds the outcome of the UK referendum on 23 June, but the initial impact on the business of financial advisers, even if there is a vote to leave, could take some time to be felt, according to industry observers.
Retirement | 27 May 16
Canada Life’s Thompson on flexible reversionary trusts
Canada’s Life’s tax and estate planning consultant Paul Thompson outlines the benefits of flexible reversionary trusts.
Retirement | 27 May 16
UK Treasury claims pensioners could lose £32k in Brexit vote
The UK Treasury has claimed a vote to leave the European Union could see almost £5,200 ($7,640, €6,835) wiped off the value of some pension pots.