Treasury to set-up dedicated guidance guarantee brand distinct from TPAS

        Professional Adviser | 01 Oct 2014 | 10:43

        The Treasury is to establish a dedicated guidance guarantee operation for face-to-face meetings separate from The Pensions Advisory Service (TPAS), Michelle Cracknell has said.

        A HM Treasury sign

        Simplified advice: FCA urged to rethink stance on ‘priority needs'

        Simplified advice should not be restricted to those who have cleared their debts and had other ‘priority needs' met if the Financial Conduct Authority (FCA) is serious about closing the advice gap, according to a law firm.

        Professional Adviser | 26 Sep 2014 | 08:24
        Keith Richards

        MAS chief Rookes 'clarifies' remarks about adviser ethics

        Money Advice Service (MAS) chief executive Caroline Rookes did "not intend" to put the ethics of financial advisers in question, the service said following a raft of criticism from the industry.

        Professional Adviser | 24 Sep 2014 | 11:32

    Other Regulation articles


      Calls for end to automatic annuity purchases

      Pensions campaigner Ros Altmann is leading calls for a ban on automatic annuity purchases.

      Professional Adviser | 22 Sep 2014 | 07:56

      APFA: Disproportionate guidance guarantee levy must be changed

      Guidance guarantee levy plans will hit advisers ‘disproportionately’ hard and in turn increase costs for consumers, according to the Association of Professional Financial Advisers (APFA).

      Professional Adviser | 18 Sep 2014 | 11:31

      Just Retirement profits buoyant despite ‘weak’ annuity sales

      Just Retirement has posted full year underlying pre-tax operating profits of £97m, 3% lower than last year.

      Professional Adviser | 18 Sep 2014 | 10:14

      Digging deeper into the pension reforms

      Claire Trott takes a closer look at the intricacies of Budget reforms

      Retirement Planner | 17 Sep 2014 | 09:23

      Here we go again… What did we learn from the third SIPP thematic review?

      Again? Really? Andy Leggett looks at the findings of the third FCA thematic review of the SIPP business…

      Professional Adviser | 16 Sep 2014 | 10:59

      MPs launch post-Budget auto-enrolment inquiry

      MPs have launched an inquiry into the progress of auto-enrolment after the shock changes to the pension system announced in the Budget.

      Professional Adviser | 12 Sep 2014 | 15:41

      ‘Selfish’ providers that exit auto-enrolment should be fined - Defaqto

      Pension providers that “cream off profits” and withdraw from the auto-enrolment (AE) market just as small and medium-sized employers (SMEs) stage should be fined, Defaqto says.

      Professional Adviser | 11 Sep 2014 | 08:12

      Warning issued over celeb-marketed store pod investment

      An industry trade body is warning investors about the risks of putting money into store pod investments advertised by a former Top Gear presenter, based on what it says are inaccuracies in the scheme's marketing material.

      Professional Adviser | 10 Sep 2014 | 10:18

      FCA chief Wheatley backs innovators to close advice gap

      The chief executive of the Financial Conduct Authority (FCA) has said the market will innovate to close any advice gaps created from changes brought in following the Retail Distribution Review (RDR).

      Professional Adviser | 10 Sep 2014 | 08:04
      Martin Wheatley

      Martin Wheatley backs 'competent' MAS

      Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), said he has confidence the Money Advice Service (MAS) is a "competent organisation", though said it faces a huge operational challenge to deliver the free financial guidance promised to retirees in the Budget.

      Professional Adviser | 09 Sep 2014 | 11:26

      Webb confirms NEST limits will go in 2017

      Pensions minister Steve Webb has confirmed that restrictions on the National Employment Savings Trust (NEST) will be abolished in April 2017.

      Professional Adviser | 08 Sep 2014 | 11:40

      FOS finds against Towry in trivial commutation ruling

      Towry has been ordered to pay compensation plus £250 for causing distress to a retiree after the Financial Ombudsman Service (FOS) ruled one of its advisers gave unsuitable advice by failing to inform her of a change in pension legislation affecting small pots.

      Professional Adviser | 05 Sep 2014 | 08:06

      TPAS reveals five-step retirement 'guidance' process

      The Pensions Advisory Service (TPAS) - one of the bodies tasked by the government with delivering free and independent guidance on retirees' options - has outlined its plans for how it would be done.

      Professional Adviser | 04 Sep 2014 | 13:30
      Citizens advice bureau sign

      Citizens Advice: Guidance guarantee not a one-off event

      The guidance guarantee should be delivered as a process with various touch points not a one-off token conversation, the chief executive of the Citizens Advice Bureau has said.

      Professional Adviser | 04 Sep 2014 | 07:53

      Prudential tops pension complaints; L&G mortgage gripes up 900%

      Prudential has topped the Financial Ombudsman Service's (FOS) list of most complained about pension firms after consumer gripes against the firm were up 2% on the previous half year.

      Professional Adviser | 02 Sep 2014 | 07:36

      Warning over advisers' equity release awareness as sales spike

      The Equity Release Solicitors’ Alliance (ERSA) has issued an alert to advisers after it became concerned more could be advising consumers on the products "not fully aware of the requirements".

      Professional Adviser | 01 Sep 2014 | 12:06

      To defer or not to defer; the state pension dilemma

      As more individuals choose to work beyond the state pension age, Andy James weighs up the options for those approaching retirement.

      Professional Adviser | 26 Aug 2014 | 12:35



    Is the abolition of the 55% pensions death tax a further nail in the coffin of the annuity market?