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

Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read
CISI welcomes 76 Certified financial planners

CISI welcomes 76 Certified financial planners

Number of UK CFP professionals continues to rise

Sophia Panayi
clock 24 March 2026 • 1 min read
'Nobody is big enough not to be bought'

'Nobody is big enough not to be bought'

Roderic Rennison on the future of deals in the advice industry

Isabel Baxter
clock 20 March 2026 • 1 min read