The Week in Numbers 12m – Number of actions taken by MAS users in 2014/15 – far higher than the organisation’s 4.5 million target 1% – cashback offer for first-time buyers launched by Halifax this week 8 – Number of advice firms issued with Section 166 reports (also known as a skilled persons report) by the FCA in relation to insistent transfers £11bn – Outflows seen by Aberdeen Asset…
Snap Shot News Headlines “Advisers seek end to ‘galling’ FSCS levy hikes” The Financial Services Compensation Scheme has announced a shock increase to the levy required of Pensions Advisers. Originally expected to be £57m, it has now risen to £100m. The Life and Pensions advisers have attacked these increase charges amid concerns that firms could be forced out of business. A further concern is that the increase hike designed…
“Just Retirement Offers Simplified Advice Service” aiming to provide a service for individuals who need advice on their retirement planning but have smaller pension pots. They will provide a telephone based advisory service which will include offering clients personal recommendations such as whether to keep their funds invested, take a lump sum or generate an income. According to Just Retirement Director, Stephen Lowe, the service is aimed individuals with…
