United Kingdom
Best Practice | 13 Apr 17
Advice businesses must adapt to survive and thrive
Changes in regulation coupled with a transformation in client expectations and increased use of technology means financial advisers need to review their business model to ensure they have a business that is future fit, says Old Mutual Wealth’s Mike Leeson.
Best Practice | 12 Apr 17
UK pension transfer risks rise for investors and advisers
The sharp increase in people transferring out of defined benefit (DB) pension schemes poses risks for investors and the industry, says Tom McPhail, head of policy at Hargreaves Lansdown. His warning comes as the UK’s pension transfer industry remains under close regulatory scrutiny.
Tax & Regulation | 12 Apr 17
UK advisers face extra FSCS levy despite fall in Sipps claims
The UK’s Financial Services Compensation Scheme (FSCS) may still impose an interim levy on life and pension advisers despite a fall in the average cost of Sipp-related claims.
Best Practice | 11 Apr 17
Adviser pay hits ‘all-time high’ in the UK
The average salary earned by UK advisers has hit an “all-time high”, according to latest research by recruitment consultancy firm BWD Search and Selection.
Tax & Regulation | 11 Apr 17
UK advisers told to clearly signpost ‘advice’ and ‘guidance’
UK advisers will need to make clear the difference between “advice” and “guidance”, according to proposals published by the Financial Conduct Authority (FCA).