Through our hard work and dedication to clients we have been accredited a ‘Gold Award’ from the independent Investor in Customers (IIC) assessment process for our consultancy and administration services.
This morning’s release of a Feedback Statement by the Financial Conduct Authority (FCA), which focuses on non-workplace pensions (NWPs), aims to reduce the complexity and increase the transparency of charging structures between different pension products. The FCA’s “Effective competition in non-workplace pensions” Feedback Statement risks giving consumers the price of everything and the value of nothing, says James Jones-Tinsley, Self-Invested Pensions Technical Specialist.
The FCA have today published a number of pension related proposals designed to improve the quality of pension transfer advice. This includes a proposed ban on contingent charging for pension transfer advice. Simon Taylor welcomes the proposal and supports the increase in transparency of charges.
Today the FCA has published a number of documents and the latest ‘Retirement Outcomes Review’ Policy Statement has confirmed all pension providers will have to offer Investment Pathways to those individuals who go into drawdown on a non-advised basis. James Jones-Tinsley, Self-Invested Pensions Technical Specialist, believes SIPP operators have been placed at a commercial disadvantage
Barnett Waddingham’s independent advisory services for fiduciary management is evolving, with a name change to FM Evaluate, and a new leader. Previously called Fiduciary Management Oversight, the change to FM Evaluate recognises the evolution of the service to offer much more than simply oversight.