Nostalgia ain't what it used to be!

September 28, 2016 Tom Murray

UK advice gap insurance industry Retail Distribution Review (RDR) FCA

Nostalgia ain't what it used to be! Nostalgia is back in vogue, with a general trend to hearken back to a golden era, when the EEC was a far-off organisation and America was great. As part of this trend, the FCA have decided to chip in with their latest wheeze to sort out the lack of advice available for the smaller investor.  
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FCA surprised that doing nothing didn’t fix OMO!

January 08, 2016 Tom Murray

Pensions UK Retail Distribution Review Financial Conduct Authority Life and Pensions

FCA surprised that doing nothing didn’t fix OMO! The Financial Conduct Authority (FCA) have released data that shows that the majority of people purchasing annuities actually bought them from their existing provider and didn’t make use of the Open Market Option to shop around for a better deal.
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Pension Wise – Paying more for less

December 21, 2015 Tom Murray

Pensions UK guidance average cost of IFA Life and Pensions

Pension Wise - Paying more for less When George Osborne stood up and accidentally announced that there would be advice given free to all when they reached retirement, so that people would be educated in how to make the most of their new pension freedoms, the Treasury spin doctors leapt into action to clarify the statement. What was meant was guidance, we were told, a cheaper level than advice which would guide people through the options available but definitively not recommend anything to the individuals receiving the guidance.
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Exaxe White Paper: Real-time data and UK Policy Administration Systems

November 10, 2015 Exaxe

White Papers Pensions UK Admin Plus wrapping legacy systems

Exaxe White Paper: Real-time data and UK Policy Administration Systems Is your PAS choking your customer-driven strategy? This white paper examines the challenges facing providers in administrating business in the life and pensions industry as we move towards the third decade of the 21st Century, and it considers what are the fundamental requirements needed for an administration system if it is to meet those challenges.
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2015 UK budget expands pension freedom strategy

April 23, 2015 Tom Murray

Pensions UK pension freedom Lifetime allowance Annuity

  Eat, drink and be merry for tomorrow we die... Oops, maybe not!
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What lies ahead – The UK life and pensions landscape in 2020

January 12, 2015 Norman Carroll

estate planning multi-platform service Pensions UK Retail Distribution Review

While I don’t claim to have 20/20 vision, I do have a view of what the UK’s life and pensions landscape will be like in 2020, and it is one that will be hugely different from the one we see today.
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TechLife Exaxe Newsletter: February / March 2014

March 04, 2014 Sharon Cronin

twitter and pensions life and pension news newsletter Pensions UK

The February print edition of TechLife is now available online. TechLife is published every quarter and is filled with news, opinion pieces, white papers and information on legislative changes within the life and pensions industry in the UK and abroad.
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Time to stop the blame game on annuity sales

November 25, 2013 Tom Murray

Pensions UK Retail Distribution Review Admin Plus impaired annuities

Too many people buy standard annuities. Figures published in the Sunday Telegraph this weekend show that the number of people who retire and could be suitable for an enhanced annuity is substantially higher than those who actually do purchase one. According to the Sunday Telegraph, 68% of men between the ages of 61 and 69 suffer from a condition that would qualify them for this type of annuity, yet only 31% are actually being steered towards them. As a result, many of the 360,000 people who buy an annuity each year are landed with a really bad deal.
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Regulator needs to trust the IFAs

September 17, 2013 Tom Murray

Pensions UK Retail Distribution Review Financial Conduct Authority FSA

One has to feel sorry for Martin Wheatley, CEO of the Financial Conduct Authority, as he struggles to find a proper path out of the morass into which the regulator was led under the previous incumbent. Sadly, a change of one letter in the name from the FSA to the FCA is not enough to chart a way forward, the problems are deeper than anything that could be corrected by a rebranding exercise.
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Attacking IFAs is counter-productive

September 10, 2013 Tom Murray

Financial Adviser Pensions UK Retail Distribution Review advice gap

There is a huge advice gap in the UK. Everyone is fully agreed on this and every week there are a number of articles lamenting this fact in the trade press. It’s an issue that needs to be addressed urgently as so many people are approaching retirement, a time when they really need to get financial advice.
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