Bitcoin has made the headlines, but it is arguably pension transfers not the modern equivalent of tulip mania which most IFAs should be worried about even if it is only the threat of higher compensation bills in future.
Richard Buxton and Neil Woodford have criticised the Bitcoin bubble, but anecdotally it is clear some investors are considering taking the plunge though arguably many years too late.
Succession made £750,000 from advertising and marketing paid for by providers in its most recent accounts making up a quarter of its profits. Could this challenge the RDR criteria? Succession says it is within the rules.
New Model Adviser also suggests the FCA has questions to answer as the FSCS pays out more than £7m over complaints about one small advice firm.
The FCA says it does not need to provide more guidance to FOS on interpreting regulation.
The Mercers’ pension survey shows that the average replacement rate for UK retirees is 29% not a very strong showing at all and lower than many countries worldwide.
British Airways has shut its defined benefit pension scheme to new accruals. 'Market competitive arrangements' are offered and the unions are not happy.
Professional Adviser reports on Blaenau Gwent MP Nick Smith warning of a pension transfer scandal brewing. It may have brewed!
On the subject of horses bolting stables, the FCA warns consumers to be careful about where they transfer their DB pension.
The FCA register is to drop most CF30 advisers rendering it next to useless. Some advisers are rather upset about what this means for the public.
Graham Bentley says that all advisers not just those offering DFMs should be warning clients of a ten per cent fall in their portfolio regardless of whether they have to do so under MiFID II or not.
The Work and Pensions select committee has called on the Government to require consumers to seek out default pension guidance before accessing pension freedoms.
Reports of inappropriate sexual conduct have seen a veteran fund manager step down from the Worldwide Healthcare Trust
