The FCA has called on advisers to inform their PI insurers if they face any DB transfer complaints and reminded firms that they are responsible for ensuring their PI is up to date. It is a little odd but in the same document the FCA tells former British Steel pension scheme members what to expect if they make a complaint to their adviser including how long they should wait - eight weeks - before contacting the FOS.
Asset managers are the subject of the regulator’s ire for not fully adhering to the MiFID II requirements around cost disclosure including hiding significant costs in the small print. Still to hear a definitive answer to what advisers should do if their partner firms have not been full and frank.
The DWP finds that the over 50s are most likely to opt out of auto-enrolment – which is hardly surprising. Most suggest they have built up sufficient assets elsewhere. But those contributions are free of course.
JP Morgan’s market strategist Karen Ward says the markets are being much to optimistic about the US/China trade deal in an FTAdviser podcast. Is hope triumphing over expectations?
Jupiter says that meeting the MiFID II requirements has cost it £18m in research costs. Assets under management have fallen 15% per cent with 2018 proving a tough year.
Standard Life’s 1825 makes its first acquisition in Northern Ireland buying BDO Northern Ireland’s wealth management business.
Tech consultancy FTRC has launched a protection website for advisers to allow policy comparisons.
The Pridham report outlines the ten most popular fund managers and Blackrock keeps top spot.
New Model Adviser says that business property relief investors may have to pay higher probate fees of up to £6000, Way Investment Services has warned.
