Catch up: Five retirement stories you might have missed

        Professional Adviser | 23 Jan 2015 | 11:32

        Here’s a round-up of five key retirement and advice stories from the past week...


        FCA to act even earlier to counter charges of ‘retrospective regulation'

        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.

        Professional Adviser | 22 Jan 2015 | 15:04

        FCA tweaks guidance on what constitutes 'advice'

        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.

        Professional Adviser | 22 Jan 2015 | 11:52

    Other Regulation articles


      Pension Wise undergoing pre-launch tests to brace for 'demand surges'

      The new Pension Wise service is being tested ahead of launch to ensure it meets any potential demand surges, according to pensions minister Steve Webb.

      Professional Adviser | 21 Jan 2015 | 12:31
      Citizens advice bureau sign

      Citizens Advice names 44 branches to deliver guidance guarantee

      Citizens Advice has revealed the location of the first 44 centres that will deliver face to face guidance to retirees under the Pension Wise scheme.

      Professional Adviser | 20 Jan 2015 | 13:51

      Pension advisers' FSCS levy soars by 73%

      Pension advisers face a massive increase in the amount they pay to the Financial Services Compensation Scheme (FSCS) as the service prepares for a "significant" rise in claims linked to self-invested personal pension (SIPP) advice.

      Professional Adviser | 20 Jan 2015 | 10:54

      FSCS levy set at £287m as SIPPs turn sour

      The Financial Services Compensation Scheme (FSCS) plans to collect a levy of £287m from firms in 2015-16, as it prepares for a rise in claims related to self-invested personal pensions (SIPPs).

      Professional Adviser | 20 Jan 2015 | 08:22
      Concept image of a cloud question mark

      RP Poll: Should providers offer a default retirement income option?

      In the latest Retirement Planner poll we ask readers to share their opinion on whether providers should offer consumers a default retirement income option…

      Professional Adviser | 16 Jan 2015 | 12:10

      ‘Daunted' retirees crave default retirement income option – research

      While pension savers back the upcoming pension freedoms they are ‘daunted’ by the scale of choice on offer and want providers to offer them a default investment or drawdown choice, research has found.

      Professional Adviser | 15 Jan 2015 | 16:45

      Guardian sues Harlequin investors over SIPP fees

      Guardian SIPP is suing investors with pension money tied up in troubled property investment Harlequin for non-payment of the fees related to their self-invested personal pension (SIPP).

      Professional Adviser | 15 Jan 2015 | 13:06

      High Court ruling may protect bankrupts’ pensions after freedoms take effect

      A man in bankruptcy has retained his personal pension after a High Court judge decided he should not be compelled to hand it over under an Income Payments Order (IPO).

      Professional Adviser | 14 Jan 2015 | 15:45

      Pot follows member will 'not be automatic' at outset

      Steve Webb’s pot follows member policy will initially be rolled out on an opt-in basis and be limited to a selection of pension schemes, the minister has said.

      Professional Adviser | 13 Jan 2015 | 11:34

      Pension freedoms could see millions run out of retirement cash - Age UK

      Additional safeguards should be placed on pension freedoms to ensure people do not burn through their pension pots in the first years of retirement or get caught out under tax rules, Age UK has said.

      Professional Adviser | 12 Jan 2015 | 15:13
      A HM Treasury sign

      Advisers’ guidance guarantee bill could hit £4.2m in 2015-2016

      Financial advisers look set to share a collective guidance guarantee bill of £4.2m in 2015-2016, according to government forecasts.

      Professional Adviser | 12 Jan 2015 | 12:36

      Guidance guarantee brand ‘Pension wise’ launched

      The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice’.

      Professional Adviser | 12 Jan 2015 | 07:48

      Ombudsman rules Standard Life must reconsider 'suspected liberation transfer request'

      The Pensions Ombudsman (PO) has directed Standard Life to reconsider granting a transfer request to a suspected liberation vehicle after a scheme member complained about the provider.

      Professional Adviser | 09 Jan 2015 | 16:44

      Could legacy products and IT systems scupper pension freedom access?

      There is a fly in the pension freedom ointment, writes Neil MacGillivray. Pension schemes are simply never going to be bank accounts…

      Professional Adviser | 09 Jan 2015 | 16:27

      Emergency stop: Why politicians should hit the brake on pension freedoms

      David Brooks is coming out as ‘protectionist’ in the pension freedoms debate and warns the risk of pensioner penury is very real...

      Professional Adviser | 09 Jan 2015 | 15:18

      Pension Bill amendment could pave way for drawdown charge cap

      A proposed change to the Pension Schemes Bill may lead to a future cap on charges in drawdown funds.

      Professional Adviser | 09 Jan 2015 | 13:08

      FCA and AMPS ‘rift’ leaves SIPP operators adrift on pension liberation

      The Financial Conduct Authority (FCA) and the Association of Member-Directed Pension Schemes (AMPS) “are not on speaking terms” after last year’s SIPP capital adequacy showdown – leaving providers with little or no support in the fight against pension liberation, according to Barnett Waddingham’s Andy Leggett.

      Professional Adviser | 08 Jan 2015 | 09:51

Job of the week


    Should simplified advice include an element of commission-based remuneration?