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Banks should allow consumers to select the benefits they want with their packaged accounts to help combat mis-selling of the products, Defaqto has said.
The number of people earning more than £100,000 per year who use financial advisers has halved since 2008, according to AT Kearney.
The Association of British Insurers (ABI) must force pension providers to push retirees towards specialist annuity advice, the National Association of Pension Funds (NAPF) has said.
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The Pensions Ombudsman has found in favour of Friends Life after a consumer had complained it misled him about the nature of its treatment of additional voluntary contributions (AVCs).
Pensions minister Steve Webb has said the government does not want small employers to seek independent financial advice on auto-enrolment.
The overwhelming majority of advisers using platforms are still aiming to remain independent after the implementation of the retail distribution review (RDR), with only a handful looking to retire, it has been suggested.
(Updated) Shares in accountancy and advisory group RSM Tenon have fallen 28% after the company announced it expects to report a loss for the second half of 2011.
The Financial Services Authority’s (FSA) review of the quality of point-of-sale income drawdown advice is in danger of missing a greater risk to clients, an expert has warned.
The government’s public sector pension reforms are causing public servants to put their divorce proceedings on hold as they wait for clarity on payouts, a consultant has said.
It’s been another busy (and in some instances raucous) year in financial services. While it’s been a positive 12 months in many respects for advisers, the regulator has again come in for criticism...
Around two thirds of people disagree with the attitude to risk given to them by risk profilling tools, Axa Wealth has claimed.
Friends Life will widen its annuity product range and ramp up its consumer marketing next year in a bid to avoid losing its existing savers, and to capture more when it becomes an open market option (OMO) provider.
The Financial Services Authority’s (FSA) failure to clamp down on poor financial advice in banks and promote independent alternatives shows it is ‘hostile to consumers’, it has been claimed.
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