News

Almost three quarters of advisers want to be included on a Money Advice Service (MAS) directory for firms prepared to give retirement advice to those who have received free pensions 'guidance' under a government scheme, research suggests.

HSBC is to review historical pension transfer cases to see if it is earning trail income for ongoing advice it is not delivering.

The industry should not underestimate the lack of understanding among professional connection partners of the Retail Distribution Review (RDR) and its impact on advice firms, a Prudential business consultancy manager has warned.

The regulator has "completely messed up the definition of independence", said professional connections support organisation SIFA, as it claimed 95% of solicitors would still chose IFAs over restricted advisers.

Sales at annuity provider Partnership were down more than 70% over the past three months of trading, the firm has said.

The vast majority of advisers want to see uniformity in the terms used for fund share classes, and are prepared to pay more in return, research suggests.

SimplyBiz has launched a scheme to help heads of advice firms meet the regulatory requirements around competence and training of their advisers.

Almost half of independent advisory firm business-owners plan to sell up within five years - and 10% in the next year alone, according to research.

The Pensions Regulator (TPR) expects a significant increase in the number of sanctions it hands out for auto-enrolment non-compliance as small employers hit their staging dates.

The Chartered Insurance Institute (CII) and the British Bankers Association (BBA) are launching a joint initiative to promote and develop standards and skills in retail banking.