Catch up on Money Marketing’s most popular stories this week. Founder of AJ Bell, Andy Bell urges advisers to move away from the misguided notion that defaults can be used to solve every retirement problem and the fallout from the CII and PFS debacle. Read the full stories below:
Andy Bell: Lifestyling has created a nightmare, so why does the FCA want more?
Andy Bell, founder of AJ Bell urges advisers to move away from the misguided notion that defaults can be used to solve every retirement problem that may occur.
FCA launches review of retirement income advice
The Financial Conduct Authority has launched a review to explore how advice firms deliver retirement income and assess the quality of outcomes consumers get.
Commenting on the review, Quilter head of retirement policy Jon Greer said: “The results of the review from the FCA will be a bellwether for how well firms are implementing Consumer Duty as the new regulation requires advice to be outcome-based and avoid foreseeable harm.
Paul Lewis: The cash conundrum
Cash savings, or investments? Now that nano-rates are behind us, it’s a no-brainer states Paul Lewis, financial journalist and host of Radio 4’s Money Box.
Fiona Tait: Would someone please tell us PFS members what is going on?
Fiona Tait, technical director at Intelligent Pensions gives her understanding of the breakdown in relations between the CII and PFS.
Four jailed for £21m cryptocurrency fraud
Four men were jailed for fraudulently obtaining and laundering cryptocurrency assets including Bitcoin worth tens of millions of pounds from an Australia-based cryptocurrency exchange.
Exclusive: More advice firms opt to run platforms in-house
Data provided exclusively to Money Marketing from NextWealth’s The Great Platform Shakeout Report showed a growing list of advice firms are opting to become platform operators in a bid to reduce risk and better manage client assets across multiple execution venues.
Kim North: Out with boring disclosure documents and in with the fund comparison site
Kim North, managing director of Technology and Technical argues that disclosure documents are so poorly presented it seems as if the fund providers don’t even want them to read the detail. That leads to reading fatigue on the side of investors. She believes the public would welcome a fund comparison site instead.
Ten behavioural science tips to improve client communications
With the upcoming Consumer Duty, Jeremy Mugridge, head of marketing and behavioural science at Quilter outlines 10 tips to deliver clear and concise communications based on his experience.
Is Japan the investment play of 2023?
Darius McDermott, managing director of Chelsea Financial Services and Fund Calibre, explores how Japanese equities may unearth pockets of opportunity.
M&G names new CEO for asset management arm
M&G has appointed Joseph Pinto as its next chief executive of M&G Asset Management.
He will have accountability for all investment capabilities including the equity, fixed income, multi asset, private and alternative asset strategies alongside distribution, operations and proposition management across the asset management business.
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