Money Marketing |

Time 2020-10-07 14:04:24

Web Name: Money Marketing |

WebSite: http://www.moneymarketing.co.uk

ID:73558

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Pensions Politics Why it’s right to raise the age of pension freedoms to 57 The government has proposed to increase the minimum pension freedom age from 55 to 57 from 2028. I m a supporter of pension freedoms. Savers should be trusted with their own money, and 55 was the right age when they were introduced in 2015. That age should now rise to 57. Here s why: A pension is [ ] Pensions Retirement Opperman: Engage with pensions to save the planet People who want to play their part and take real action to address climate change should engage with their pensions and encourage sustainable investments , pensions minister Guy Opperman has said. Opperman adds that people can support the transition to a net zero carbon economy by choosing to invest their retirement savings in low-carbon businesses. In [ ] Business Advisers Business Michelle Hoskin: Advisers shouldn t dominate their support teams We love you; and by we I mean me and my team and by you I mean the amazing and wonderful financial adviser and planner that you have become.) Now I think many will agree with me, that by nature, financial advisers and financial planners are mavericks. Not in a bad way in [ ] Tax Pensions Politics Retirement Experts react to landmark ill-health pension transfer ruling Today marks a significant moment for understanding the tax treatment of pensions. A case dating all the way back to 2014, centred on whether inheritance tax should be applied to a pension transfer carried out in terminal ill-health, has reached a final verdict. The Commissioners for Her Majesty s Revenue and Customs v Parry Ors, [ ] Platforms Technology Quilter platform migration delayed again The second phase of Quilter s platform migration, covering around 75 per cent of assets, has been delayed again. The move to new technology supplier FNZ is now due to be rolled out from 26 to 29 November. The initial phase of migration, which took place in February, incorporated a pilot group of some 60 firms, [ ] The Morning Briefing: The best of enemies and survival fights Good morning and welcome to your Morning Briefing for Monday 5 October, 2020. To get this in your inbox every morning click here. The Best Of Enemies No-one following the advice market over the past few years could have missed the outpouring of anger over the increasing impact of regulatory bills. We ve now got an [ ] Regulation Two thirds don t trust FSCS to deliver fairness Nearly two-thirds of financial advice and wealth management executives do not trust the Financial Services Compensation Scheme to deliver fair outcomes for consumers or their firms. According to a survey by trade body Pimfa, levels of trust in the FSCS have remained unchanged, or have not improved in the past five years for 60 per [ ] Pensions Company news LV enters exclusive sale talks with Bain Capital LV has entered exclusive discussions with private equity giant Bain Capital over a potential buyout. The news was confirmed in a statement this morning, after reports that a number of parties including Royal London and Bain were circling a potential takeover of LV. As previously stated, LV s board s focus is on maximising long-term value for [ ] economy Bank of England economist urges companies to get spending Bank of England chief economist Andy Haldane has urged companies to get out and spend despite the current fog of uncertainty . Firms need to prepare for the post-Covid future, including putting the spending behind kit and people that will ready us for a future that embraces digital enterprise, Haldane told a conference hosted by FT [ ] Investments Business Investments Nic Cicutti: Covid s financial scars will run deep Back in early April I penned a piece suggesting the impact of the Covid-19 crisis would affect advisers and their clients far more deeply than the financial crisis a decade earlier. Six months on, have things really changed? And are the changes permanent? Well, stockmarket indices seem to have recovered all their losses and then [ ] Pensions Politics Retirement Tax Steve Bee: Pensions must be simple and consistent Our government should be looking at tax policy that will increase the future wealth our citizens hold in pensions, not policies that will likely accelerate the current general decline in pension savings. For as long as I can remember the run-up to every chancellor s Budget has seen widespread speculation that higher-rate tax relief on pension [ ] Retirement income Pensions Retirement Steve Webb: Is the 4% withdrawal rule dead? One of the biggest challenges for the public when it comes to saving for retirement is the lack of easy rules of thumb to guide them. Probably the question I get asked most often by the public is how much should I save? Although there are some rules of thumb out there, such as you [ ] Business Advisers Clive Waller: Do adviser labels really matter? While the profession has upped its use, consumers and are still less familiar with the term planner than adviser . Last week, we ran some focus groups to test consumer views of environmental, social and governance criteria in their investment portfolios. My colleague, Heather Hopkins, hosted the groups and asked whether they employed a financial planner. [ ] Investments What 10% drop warnings really look like Advisers have warmly welcomed the FCA s decision to postpone rules requiring them to report 10 per cent falls in a client s portfolio. During the current crisis, investors have simply been overwhelmed with the notifications, many argue. To show just how frequently clients have been bombarded with the warning letters, we took an example model portfolio [ ] Investments Equities In defence of active management Robin Powell, an advocate of passive index tracking and critic of active fund management recently argued in Money Marketing that global stock markets are very efficient. That is only true for some developed markets such as the US, however. For smaller companies there is limited or no analyst coverage leading to pricing inefficiencies that stock [ ] Business Advisers Business Why can’t we just be proud of what we charge? When Keith Boyes set up his own advice firm last year, he didn t want to be the financial services equivalent of a high-end jeweller that doesn t believe in price tags. The managing director of Edinburgh-based firm Spentwell wanted to create an advice brand that clients see as accessible and informal, rather than exclusive and potentially [ ] News & analysis delivered directly to your inboxRegister today to receive our range of news alerts including daily and weekly briefingsMoney Marketing EventsBe the first to hear about our industry leading conferences, awards, roundtables and more.Research and insightTake part in and see the results of Money Marketing's flagship investigations into industry trends.Have your sayOnly registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.Register now

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