Firms getting involved in the new secondary annuities market must recommend clients seek regulated financial advice or guidance from Pension Wise “at the earliest opportunity”, new proposals state.
A Financial Planning firm’s head of private clients has left to join another advice firm.
Annuities may become the most popular option for retirees if Britain exits the European Union in June, the founder of eValue believes.
Pension savers could lose up to £58,500 in tax relief due to the “annual allowance minefield”, a savings firm has estimated.
Financial Planning fails to “set most people's pulses racing”, acting FCA chief executive has said.
More than half of advisers only use a single model portfolio service provider – despite the boom in model portfolios and providers since the implementation of the Retail Distribution Review.
The FCA has declined to say how much is being spent on its new website.
Tax framework proposals for the new secondary annuities market have been outlined this morning.
The former President of the Institute of Financial Planning says the sector needs to ‘innovate’ to ensure it is easy and affordable to see a Financial Planner.
The House of Commons will be given the power to reject future FCA chief executives.