Latest News - Elliot Smith
IFAs pull out of DB transfer market as insurers spooked by FOS rise
Increasing the FOS limit is a good idea if it helps badly advised switchers, but the FCA is complacent to think it will not affect advisers’ ability to insure themselves against claims
SJP would escape FCA's exit fee ban says PensionBee
Online pension provider PensionBee has called for FCA to ban deferred advice fees charged by SJP as part of a wider ban on exit fees
Adviser profile: Ruth Sturkey and Barry Horner of Paradigm Norton
Ruth Sturkey and Barry Horner have joined forces to create a financial planning powerhouse at Paradigm Norton that has talented graduates queueing around the corner
LTA protection breached 12,000 times in 12 years
Over 12,000 pension savers have breached lifetime allowance protections in the past 12 years, potentially incurring tax bills running into hundreds of thousands of pounds
Rush: mis-sold British Steel pension transfers 'will hit high hundreds'
Yesterday MPs debated and discussed the fallout from issues surrounding the British Steel Pension Scheme, but for many steelworkers the consequences of receiving poor advice are still unfolding now
FSCS payout boost for steelworkers as bill reaches £1.8m
The Financial Services Compensation Scheme (FSCS) has topped up compensation for five steelworkers following recalculations.
Training body apologises for emailing SJP vacancies to IFA staff
The London Institute of Banking & Finance (LIBF) has apologised to IFAs after emailing trainees on employer-sponsored qualifications to promote a vacancy at St James’s Place
Secure messaging and file sharing portal launched for advisers
A new secure messaging and file sharing portal has been launched with the intention of easing advisers’ GDPR headache
PFS launches DB transfer advice 'Gold Standard'
The Pensions Advice Taskforce is to launch a new 'Gold Standard' adviser code to help the public better identify good defined benefit (DB) transfer advice
Top advice firm boss Skerritt loses dividend court fight
Skerritt Consultants managing director Richard Skerritt has lost a court battle with a former self-employed adviser at the firm who claimed he was owed a share of over £8 million worth of dividend payments