Interim findings from the latest FCA research suggest that banks are paying lower interest rates to customers on savings accounts because consumers are failing to shop around, staying put with poorly-paying accounts for many years.
Financial Planning has traditionally been a people-focused profession but technology is transforming the way that planners engage with clients. Nicola Brittain asked planners to share their views on the future and their tips in the July edition cover feature of Financial Planner Magazine.
Consumers feel 'disconnected' from pension schemes, the National Employment Savings Trust has said, as it calls for better communication from providers.
The FCA has rubber stamped its funding plans for 2014-15 including changes that mean the category Financial Planners come under will pay 18.7% less in fees overall.
Financial Planners may have a key role to play as an investigation into the effectiveness of the Money Advice Service – and whether its £81m Budget is justified – steps up.
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