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You searched for the term value of advice Tom Dunbar financial advice research Your search returned the following 40 results...
 
  • Putting a number on the value of advice - Royal London for advisers

    Putting a number on the value of advice Tom Dunbar 27 January 2020 Share Share We recently worked with the International Longevity Centre to put a number on how much financial advice is worth to those who receive it. Here, Tom Dunbar elaborates on the findings of that research. There are many myths...

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  • Advisers remain resilient in the face of Covid-19 - Royal London for advisers

    ...for advisers Putting a number on the value of advice Tom Dunbar 27 January 2020 Share Share We recently worked with the International Longevity Centre to put a... Advisers remain resilient in the face of Covid-19 - Royal London for advisers ...for advisers Putting a number on the value of advice Tom...

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  • Small advisers still have a role - Royal London for advisers

    ...to insurers and fund managers, it is hard to realise scale benefits within IFA practices. For example, new client acquisition based on personal recommendations cannot be scaled up for more advisers. Furthermore, the value of financial advice is underpinned by advisers’ client focus, which can...

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  • FCA financial advice market review - Royal London for advisers

    FCA review of the financial advice market Robin Nimmo 23 December 2019 Share Share The FCA is reviewing the impact that the Retail Distribution Review (RDR) and Financial Advice Market Review (FAMR) have had on improving customer outcomes from financial advice and guidance. We consider some...

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  • Steve Webb announcement - Royal London for advisers

    ...of financial advice including Royal London’s recently commissioned research on the value of advice which Royal London will continue to promote after I’m gone. In my new role I’ll still be out-and-about commenting on pensions issues and will continue to stress the value of impartial financial advice...

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  • Why we're reaffirming our adviser commitments - Royal London for advisers

    ...have no plans to offer regulated financial advice We believe the best advice comes without compromise. That means it has to be impartial and it has to be delivered with a full understanding of the customer’s needs. That’s why we’re sticking to what we do best - delivering value for money propositions...

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  • DB pension transfer advice consultation - Royal London for advisers

    ...encouraging advisers to keep a sharp focus on the value for money of the receiving scheme, we feel the focus on the workplace pension scheme may not be in some members’ best interests. If the transferred money goes into a workplace pension, it could lead to fewer people taking ongoing advice.  Although...

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    Defined Benefit

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  • Increasing the Financial Ombudsman Service (FOS) Award Limits - Royal London for advisers

    , in the last year around 100,000 people transferred out of defined benefit schemes. Assuming a similar number continue to do so each year, huge numbers of consumers could be making crucial financial decisions without adequate advice. Compare this to the 2,000 consumers each year who make high value...

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  • FCA produces new rules for Pension Transfers - Royal London for advisers

    , Advising on Pension Transfers. While it provides some clarity for advisers, further consultation will be required. Let’s look at what we know following the publication of PS18/6. Advice on pension transfers must take the form of a personal recommendation. While it’s difficult to find fault...

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  • Now is the time to review your drawdown advice process - Royal London for advisers

    Now is the time to review your drawdown advice process Ryan Medlock 14 May 2020 Share Share The first quarter of 2020 has been one of the most volatile periods that financial markets have ever experienced and for many clients taking regular income in drawdown this has been the first real episode...

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  • FCA policy statement signals big changes in the pension transfer advice market - Royal London for advisers

    . On Friday 5 June, the Financial Conduct Authority (FCA) released policy statement PS20/6, the long awaited response to the 2019 consultation paper on pension transfer advice. On the same day, in response to industry calls for increased guidance in this area, the FCA also published guidance...

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  • Making sure Pensions Dashboard does what it’s supposed to - Royal London for advisers

    ...be done isn’t yet clear. But one thing we do know is that, if it’s used in the right way, it could become a very powerful engagement tool for providers and customers. Not to mention the benefit for advisers - as a more engaged consumer is more likely to seek, and see the value in advice. About...

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  • Will we ever summit the pension mountain? - Royal London for advisers

    . For those unable to get on the property ladder during their working life, a large private rental bill needs to be factored in to retirement planning.  For all of these reasons, we cannot afford to be complacent about current levels of retirement saving, and the value of advice is stronger than ever...

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  • New FCA rules on pension transfer values set to shake up transfer market - Royal London for advisers

    ...the research tell us? For members ten years away from retirement, the transfer value on offer will on average only be around 55% of the full value of the pension given up, according to the FCA methodology. The range of transfer values offered by different schemes is very large, with some schemes offering...

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    Defined Benefit

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  • Pension news from 2019 - Royal London for advisers

    Pension news from 2019 DB pension transfer advice consultation Dec 23 2019 We responded to the latest FCA consultation paper CP19/25 on DB pension transfer advice which closed at the end of October 2019. Here we look at what we said in our response. FCA review of the financial advice market Dec 23...

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  • The rise (and expected rise) of CRPs - Royal London for advisers

    The rise (and expected rise) of CRPs Ryan Medlock 11 May 2020 Share Share Whether you believe that this is just another marketing-infused acronym or the platform to provide robust retirement planning advice, there’s no denying that adviser usage of CRPs is now starting to surge. Our friends over...

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    Income Release

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  • Looking after your client’s financial wellbeing - Royal London for advisers

    financial wellbeing - Royal London for advisers Looking after your client’s financial wellbeing 17 April 2020 Share Share During these difficult and challenging times, whether it’s your individual... Putting a number on the value of advice - Royal London for advisers ...to quantify but still have...

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  • So what does Pension Dashboard mean for advisers? - Royal London for advisers

    ...is the impact on the market for financial advice.  It’s clear that there will be changes.  And change can mean opportunity or risk depending on how you view it.  What’s going to change? More engaged customers The key change is that customers will be able to see all their pensions in one place leading...

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  • A closer look at consultation paper CP19/25 - Royal London for advisers

    , the client can’t use this as evidence of having taken advice to then proceed on an insistent basis. But an appropriate pension transfer analysis (APTA) or transfer value comparator (TVC) isn’t needed which will further reduce time and cost of providing abridged advice. So, won’t advisers just find a way...

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  • FCA consults further on pension transfer advice - Royal London for advisers

    FCA consults further on pension transfer advice Robin Nimmo 29 May 2018 Share Share Robin Nimmo considers the latest FCA consultation paper on pension transfer advice. On Monday 26 March the FCA published CP18/7, a further consultation on improving the quality of pension transfer advice, alongside...

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    Workplace pensions

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  • Helping trustees with DB transfers - Royal London for advisers

    ...recognise that pensions freedoms have changed the pensions landscape in a way that they need to take account of. Our view Hundreds of thousands of people have transferred out of their company pension in the last few years having taken impartial financial advice.  Trustees need to engage fully...

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  • Coronavirus scams - how to spot and avoid them - Royal London for advisers

    ...their pension before age 55. Clients could incur massive tax charges of 55% of their pension savings in addition to the scammers’ fees, which could be up to 30% of the value of your client's savings. And in some cases, clients could lose all their money. Clients should also watch out for offers of free...

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  • Introducing ESG into your client fact finds - Royal London for advisers

    ...and of course our savings. This wider societal shift fuelled by growing concern for the planet and the impact that business activities are having on the environment is also moving up the agenda of policymakers, regulators and financial institutions. According to Charles Counsel, chief executive of The Pensions...

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  • FCA announces further action on defined benefit transfers - Royal London for advisers

    ...short of the advice standard expected in this market. The sooner this happens, the better - for both customers and the vast majority of advisers trying to do the right thing and enhance the reputation of financial advice.   Related content show more DB transfers – three things to think about - Royal...

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  • End of tax year - IR servicing checklist and submission date - Royal London for advisers

    ...documents to your usual Royal London case manager. We must receive this by 6pm on Wednesday 25 March 2020. Taxable income payment requests by post: I've confirmed that I've provided financial advice to my client. To guarantee payment in the 2019/20 tax year, we must receive this by 6pm on Wednesday 25...

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  • Never mind the costs and charges, it’s all about the farmers! - Royal London for advisers

    ...than two years into this post-PROD world but we’re starting to see trends emerge in segmentation approaches. Segmenting by financial life stages appears to be the most popular so far but it’s segmenting by occupation which intrigues me the most. I’ve spoken to a few adviser firms who’ve adopted...

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  • Is there a safe harbour in the triage storm? - Royal London for advisers

    ’ clients who approach them about a potential DB to DC pension transfer. Earlier this year, the FCA expressed concern that in too many cases ‘triage’ was straying into advice but without the full processes that would normally surround full-blown advice. While a further statement from the FCA...

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  • What does value for money in a DC default look like? - Royal London for advisers

    ...at retirement. This is why it’s so important to start retirement conversations earlier so members can start to value their pension savings, understand their options at retirement, and help them to understand how they might use their savings and if they might benefit from financial advice. Reviewing the scheme...

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  • The lifetime allowance ‘timebomb’ - Royal London for advisers

    ...to be, based on current trends. How many could be impacted? The findings of the research are striking. Looking just at those who are still economically active, the paper finds that around 290,000 people have already accrued pension wealth in excess of the current LTA.  Very few of these have yet...

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  • Retirement Outcomes Review – Part 2 of 2 - Royal London for advisers

    ...transaction costs and advice costs, they have paid on their pension pot in the yearly statement.  The information must be totalled and provided in cash terms. Our view on actual costs and charges information Customers should know how much they have paid in all costs and charges on their pension plan...

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  • Where do my future clients come from? - Royal London for advisers

    . They may value your advice more if they know this, and be more likely to stick with this strategy once the assets pass to them. Clients' children may not have significant wealth to invest at this stage, but they’re likely to have protection needs. This could be an opportunity to begin a business...

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  • Our mobile app just got slicker - Royal London for advisers

    ...they’re really on track. In keeping with our adviser commitments, when customers need advice, we’ll always direct them back to you for that deeper conversation. And our app is no exception. Early feedback suggests: Customers from our own pension scheme already feel more engaged and are thinking more...

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  • CRPs and Covid-19 - Royal London for advisers

    ...proposition (CRP) is a much more sophisticated vehicle than just taking a centralised investment proposition (CIP) and swapping the investment fund for one aimed at retirement clients. Retirement advice is fundamentally different to advice in accumulation and a CRP framework reflects those key...

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  • CRPs – retirement planning’s final frontier? - Royal London for advisers

    ...that it’s less about the investment component in a CRP and more about the overall robust framework being put in place to provide retirement planning advice to your retirement clients. Client segmentation strategies are also a key consideration here as retirement clients are likely to have very different...

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  • Schools of thought - Royal London for advisers

    ...if they stayed in TPS compared to what they might get in the proposed DC alternative.  Does the school have the resources to afford guidance or financial advice for individual members to maximise the possibility of good outcomes and minimise the possibility of complaints? c)      Perhaps most importantly...

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  • We’ve launched our new workplace annual statements - Royal London for advisers

    ...conversations. Our new workplace annual statement is the next instalment to our communications improvements that we made back in February. All of which underpin our belief that our customers should always seek professional financial advice when making decisions about their retirement savings.

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  • What is sustainable investing? - Royal London for advisers

    ...be considered to be a non-financial goal, to improve the society we live in, will have a negative impact on investment performance. This may have been true at some point, but there’s ample evidence to suggest this isn’t the case now. In recent years, we’ve seen customers place an increasing value...

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  • We’ve launched our new annual statements for continuation plans - Royal London for advisers

    ...can see how it all works at adviser.royallondon.com/reviewservice. Our new continuation plan annual statement follows improvements that we made back in February and August. This underpins our belief that our customers should always seek professional financial advice when making decisions about...

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  • De(CIP)hering CRPs - Royal London for advisers

    . The Lang Cat recently published research which highlighted that 84% of advisers are placing 80% or more of their business into some form of CIP. The CIP process usually starts with an attitude to risk assessment with the output then matched to an optimum asset allocation. This is then mapped...

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    Investment governance

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  • Helping solicitors with inheritance tax and pensions - Royal London for advisers

    ...benefits and the implications they might have? It’s important solicitors aren’t straying into giving financial advice. Why now more than ever? Inheritance tax (IHT) statistics published on 27 July 2018 stated that “IHT receipts totalled £5.2bn in 2017/18; an increase of 8% (£388m) compared to 2016/17...

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.