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...

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