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Latest News - Elliot Smith

FCA looking at 'attitude to transfer risk', says British Steel adviser

The Financial Conduct Authority (FCA) is focusing on the assessment of attitude to transfer risk of firms with voluntary pension transfer suspensions, an adviser who recently regained permissions has revealed.

FCA takes on pension introducers over £86 million in transfers

The Financial Conduct Authority (FCA) has launched proceedings against two unregulated introducers responsible for the transfer of £86 million in pension assets across 2,000 consumers.

Sipp claims solicitor charges 30% of compensation payouts

Clients of a solicitors' firm bringing claims against Sipp providers is charging claimants 30% of their compensation, plus 20% VAT.

British Steel: 'Trial by Twitter' IFA regains transfer permissions

An IFA firm that suspended its pension transfer business after telling MPs advisers were being subject to a 'trial by Twitter' during the British Steel Pension Scheme saga has regained its pension transfer permissions

Cover Star Extra: Sustainable switch performs for Pyne

Ethical adviser says taking a leap of faith with sustainable investing has paid off as economic realities unfold.

Biggest advice firms commit to DB transfer market amid PI jitters

The possibility of increased professional indemnity (PI) insurance premiums is not deterring national advice firms from offering defined benefit (DB) transfer advice, New Model Adviser® has discovered.

RBS still reviewing advice after FCA probe

Royal Bank of Scotland (RBS) is still conducting a review and remediation exercise relating to advice given between 2011 and 2015, at the behest of the Financial Conduct Authority (FCA).

Portfolios get ethical doppelgangers at Magenta

Magenta Financial Planning focuses on achieving clients’ individual goals, rather than hitting benchmarks

SJP blames Harry Kane for new business dip

England captain Harry Kane may be responsible for a drop in new business for the second quarter of this year, St James's Place (SJP) has said.

Profile: José Supico of Advicefront

José Supico says the hybrid model he has built at Advicefront can be at the vanguard of the next age of new model advice.

Video pick
18 Comments Play ‘I couldn’t define it’: We quizzed City workers on guidance vs advice

‘I couldn’t define it’: We quizzed City workers on guidance vs advice

We took a camera to the streets to ask City workers whether they understand the difference between financial advice and financial guidance. The results speak for themselves.

1 Comment Play We asked City workers about their pensions (and got surprising answers)

We asked City workers about their pensions (and got surprising answers)

In pursuit of answers, Ollie Smith and Citywire video producer Elliot Vick hit the streets around St Paul's to find out exactly how much City workers know about their pension savings.

NMA Profile
17 Comments How 23 advice firms charge their clients

How 23 advice firms charge their clients

We have compiled the fee structures of this year's New Model Adviser® cover star firms.