Search



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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    Industry update

    Opinion

    News

    ...

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    Opinion

    Opportunity

    News

    ...

  • 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...

    tags: 

    Defined Benefit

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    Defined Benefit

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    Workplace pensions

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • British Steel Pension Scheme independent review - Royal London for advisers

    British Steel Pension Scheme independent review Justin Corliss 21 February 2019 Share Share Justin Corliss looks at the recent independent review of the British Steel Pension Scheme restructure. In January 2019, Caroline Rookes, former CEO of the Money Advice Service, published an independent...

    tags: 

    News

    Blog

  • 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.

    tags: 

    News

  • 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...

    tags: 

    Opportunity

    Workplace pensions

    News

    ...

  • 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...

    tags: 

    Blog

  • 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...

    tags: 

    News

    Blog

  • 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...

    tags: 

    Investment governance

    News

    Blog

  • 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...

    tags: 

    News

    Blog

  • Steve Webb: Is it time for the care pension? - Royal London for advisers

    ...in the past, many consumers have been put off buying them. Incorrect assumptions that ‘the government will pay for my care’, limited access to specialist financial advice, lack of awareness of potential costs and a reluctance to think about needing to be cared for have all been cited as reasons...

    tags: 

    News

  • New and improved updates for your clients - Royal London for advisers

    ...to promote the value of your services. Our modern annual statement We’ve worked with real pension savers to design our new yearly update. It’s packed with clear and colourful visuals – and pulls out the key things customers tell us are important to them. The new statement is now being issued to all our...

    tags: 

    News

  • Official figures show shocking disparity in pensioner incomes - Royal London for advisers

    ...term by saving into a pension, and drives home the importance of financial advice for all. While auto enrolment has made a good start we can build on this by encouraging your clients to make higher contributions, and engaging employers and their workforce in the importance of saving for the future...

    tags: 

    News

  • So what actually is the Pensions Dashboard? - Royal London for advisers

    ...now and having the tools to enable them to work out how to get to where they want to go.  Next month we'll discuss how we think dashboard will impact the market for financial advice. Related content show more So what does Pension Dashboard mean for advisers? - Royal London for advisers So what does...

    tags: 

    News

    Blog

  • Defined benefit transfers and the lifetime allowance - Royal London for advisers

    ...a dependant’s pension of £20,000. If he remained in the scheme then his annual pension would be £42,000. Taking that pension a benefit crystallisation event and he would’ve used 20 x £42,000 = £840,000. So within the current LTA of £1,030,000. However, Mark has taken advice and decided to transfer his...

    tags: 

    News

    Blog

  • Steve Webb looks back at 2018 in pensions - Royal London for advisers

    ...the right decision about a transfer is taking high quality impartial advice, but early 2018 saw a scandal around the British Steel Pension Scheme where many steel workers said they had been preyed upon by unregulated ‘introducers’ who didn’t have the best interests of members at heart.  A high profile...

    tags: 

    News

    Blog

  • FCA Retirement Outcomes Review final report and consultation - Royal London for advisers

    ...age 65. 55% of retirement savings accessed were fully withdrawn, albeit the bulk of these were below £30,000, the triviality limit prior to pension freedoms. Twice as many pots used to purchase drawdown as annuity. 32% of these drawdown plans were established without advice, compared to 5% before...

    tags: 

    News

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

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.