Adviser and academic Richard Bishop discusses ten things IFAs need to know about the consumer duty. This is an excellent article but it does raise an interesting point about the move from less process to more emphasis on customer outcomes. Could it lead some advisers becoming less certain about the path to follow in the next few years?
It does appear to be an issue to debate and quite swiftly.
UK funds look set to register the biggest outflow for ten years with £5.7 billion pulled from UK funds in the first half of this year.
Capital gains tax receipts for 2020/21 have reached a record £14.3bn which, some might say, is what happens when you freeze thresholds.
Phoenix Group is buying Sun Life of Canada UK for £248m in a deal that will see its customers offered access to Standard Life products.
The value of UK equity release has topped £800bn for first time according to Canada Life.
Advisers are complaining about the difficulties they face in ordering study books from the CII amid delays reports Money Marketing.
Pension transfer times remained steady in the year to the end of June, despite transfer volumes rising by 64% in the last 12 months as compared to 2018, according to Origo’s latest Transfer Index (OTI), reports Professional Adviser.
The Bank of England has raised rates by 0.5 per cent to 1.75 per cent while predicting a long recession and inflation at 13 per cent.
The High Street banks have started raising interest rates following the Bank of England decision as the Mirror reports.
