The year comes to a close and this opinion from the editor of Money Marketing rather sums things up as he writes that ‘calm has failed to materialist’.
There is some reflection in regulatory circles, at least.
The FSCS observes that failure takes a long time to come through the system as FTAdviser reports.
And this Citywire New Model Adviser story rather proves the point. The FSCS is to assess claims against the Tenet network in early 2025 with more than 9,500 clients identified as 'being at higher risk of having received unsuitable advice' from the collapsed network.
Now for a little optimism. Advisers predict a marked increase in demand for health insurance, income protection and life-insurance products in 2025, according to The Exeter latest survey as Money Marketing reports.
Over half (51%) of advisers surveyed who advise on income protection anticipated that protection demand would rise in 2025.
This story, by contrast, is a bit of a nasty one and advisers with defined benefit clients may want to watch for it. Some multi-nationals are not raising DB pensions in line with inflation if they are pre-1997.
These include some pensioners ‘inherited’ by Hewlett Packard. Quite a ruckus. Pension promises are hard to keep or so it seems.
It is though a nice bit of journalism by the Observer, a Sunday paper currently being sold by the Guardian.
Corporate Adviser research finds an 11pc difference between post-retirement master trust performance. Quite a difference.
IFA Magazine asks what HMRC’s interest rate hike on late tax means for distressed businesses. It clearly won’t make things much easier in any case.
