Stochastic models are highly useful but shrouded in mystery. Something that has to change, writes Bruce Moss
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Providers fear the regulator's new rules on how they must deal with retirees will leave customers wrongly assuming they have received advice, if details of what is expected of them are not published soon, according to an industry figure.
Pension scheme members are three times more likely to be approached about accessing their pots since the Budget freedoms were announced, according to research.
Complaints about pensions dealt with by the Financial Ombudsman Service (FOS) have fallen markedly year on year, figures show, with the impending changes to legislation cited as a possible explanation for the drop.
HMRC's crackdown on tax avoidance and evasion by people who it calls "mass affluent" saw an income boost of 60% in the last year, a new report has claimed.
Here’s a round-up of five key retirement and advice stories from the past week...
In this week’s RP Poll we ask readers whether commission should be brought back in a limited form…
Advice to invest in a troubled unregulated overseas property scheme has helped push 24 firms over into failure, the Financial Services Compensation Scheme (FSCS) has said.
The Financial Conduct Authority (FCA) has said it will look to take even earlier pre-emptive action against what it believes is bad practice in a bid to counter accusations from the industry that it unfairly employs retrospective regulation.
The Financial Conduct Authority (FCA) has provided what it hopes is further clarity on the boundaries of advice and information when building decision tree based investment models, following concerns about the clarity of its initial suggestions.
The Financial Conduct Authority (FCA) has set out its final definitions of regulated advice and personal recommendations in retail investment, in a move it hopes will help firms develop 'low cost' distribution models with confidence.
Arch Financial Products (AFP) chief executive Robin Farrell and former compliance officer Robert Addison have said they are “disappointed” with an Upper Tribunal decision to uphold a regulatory ban and fine against them, but felt "vindicated" by parts of the judgement.
Simplified advice could include an element of commission on a limited range of products to ensure people can actually afford to see a financial planner, Sheriar Bradbury has said.
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