The tricky triple lock and Chase de Vere's ombudsman run-in

It's The Pro Adviser Podcast

Hannah Godfrey
clock • 1 min read

In this week’s episode of The Pro Adviser Podcast, Hannah Godfrey is joined by Professional Adviser editor Tom Ellis to mull over this week’s news.

You can listen to the pair discuss the latest news on the triple lock, namely that it is likely the 2.5% failsafe mechanism will kick in come April, thanks to the coronavirus pandemic, and how much the change will cost.  Chase de Vere's recent run in with the Financial Ombudsman Service is also talked about. The advice giant somewhat sealed its fate at the ombudsman when a clause in a client's services agreement stated its fee was for "advice and implementation" of a defined benefit (DB) transfer. When the transfer did not go ahead - through no fault of Chase de Vere's - the firm was for...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Working Lunches: Register to hear from SimplyBiz on regulatory challenges

PA Working Lunches: Register to hear from SimplyBiz on regulatory challenges

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 23 August 2024 • 1 min read
Feel Good Friday: Evelyn Partners names corporate charity partner

Feel Good Friday: Evelyn Partners names corporate charity partner

Wealth manager partners with social mobility charity Career Ready

Professional Adviser
clock 23 August 2024 • 1 min read
P1 Investment urges digital tool use to bridge advice gap

P1 Investment urges digital tool use to bridge advice gap

'Advisers should provide subscription-based self-service tools and educational resources'

Sahar Nazir
clock 22 August 2024 • 2 min read