Major new consumer research by the Financial Services Compensation Scheme (FSCS) has revealed that 23% of people have either cut or halted pension contributions in the past months as they struggle to cope with the cost of living crisis.
Read more ...3 in 4 advisers behind on Consumer Duty prep
- Friday, 17 March 2023
- Articles
Three-quarters of financial advisers are behind with their preparations for the FCA’s new Consumer Duty which begins in July, according to a poll.
Read more ...GBST launches new-look wealth platform
- Thursday, 16 March 2023
- Articles
Platform engine GBST has relaunched its Composer wealth platform and rebranded to signal a new direction for the business following an aborted attempt to take over the company.
Read more ...Pension transfer adviser fails as claims pile up
- Thursday, 16 March 2023
- Articles
Nearly 300 claims have so far been received against failed pension transfer adviser Portal Financial Services (FRN 501272) which has been declared in default this week by the FSCS.
Read more ...Doctors should rethink retirement plans - Quilter
- Thursday, 16 March 2023
- Articles
Wealth manager Quilter has warned doctors and senior medical professionals close to retirement to halt their plans and seek professional financial advice before quitting work.
Read more ...Expert attacks Labour plan to reverse LTA axe
- Thursday, 16 March 2023
- Articles
Leading industry pensions expert Andrew Tully, technical director at Canada Life, has castigated Labour’s plan to reverse the scrapping of the Lifetime Allowance (LTA).
Read more ...Budget: Guarded welcome from the profession
- Wednesday, 15 March 2023
- Articles
Today’s Budget brought a generally positive reaction from Financial Planners and industry professionals, especially on pensions, but there was disappointment that many reforms would only help a minority of people.
Read more ...Budget: Pensions tax free cash capped at £268,275
- Wednesday, 15 March 2023
- Articles
Pensions tax free cash will be capped at £268,275 despite the scrapping of the pensions Lifetime Allowance (LTA).
Read more ...Transact issues warning after cheque fraud
- Wednesday, 15 March 2023
- Articles
Platform Transact has warned clients and advisers to avoid posting high value client cheques after a number were intercepted by fraudsters.
Read more ...Kingswood warns of £6.1m revenue drop
- Wednesday, 15 March 2023
- Articles
Rapidly expanding wealth manager and Financial Planner Kingswood Holdings has warned that 2022 revenue is likely to be down 3.9% year on year to £143.6m.
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