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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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  • The lasting effects of lockdown - Royal London for advisers

    The lasting effects of lockdown Tom Dunbar 9 July 2020 New challenges, fresh ideas and how the future looks. It’s no secret the adviser community has been hugely affected by the ongoing COVID-19 pandemic. Social distancing measures mean they’ve been unable to have face-to-face meetings with clients...

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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

    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 to anyone who...

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

    ...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, investing in excellent...

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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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  • Retirement Outcomes Review phase 3 – a reminder of what’s coming up in February 2021 - Royal London for advisers

    ...you’ll need to explain what the costs are. This is an opportunity for you to promote the value of your services and the benefits of financial advice.  We have a range of support material to support your client conversations about the financial and emotional benefits of financial advice, including...

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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

    ...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 claims...

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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 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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  • 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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  • 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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  • Pension news from 2019 - Royal London for advisers

    ...closed at the end of October 2019. Here we look at what we said in our response. FCA review of the financial advice market Oct 31 2020 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...

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

    ...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 to more...

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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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  • New Defaqto drawdown guide - ‘Using drawdown to provide a sustainable income’ - Royal London for advisers

    ...pensions technical experts to produce a detailed drawdown guide – packed with facts and tips to help advisers research and provide compliant recommendations to their clients. The guide is split into two sections: 1. The advice process This section provides structured CPD and gives advisers helpful...

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

    The rise (and expected rise) of CRPs Ryan Medlock 9 September 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...

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    Income Release

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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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  • 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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  • 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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  • Helping clients help their families in lockdown - Royal London for advisers

    ...of £10,000. On a family basis, that's 121.8% tax relief (£3,200 IHT, £4,000 income tax, £2,545 child benefit tax back). Building relationships with family members  Recent research by Quilter shows that demand for financial advice has increased among many age groups amid the pandemic, but 18-30s have...

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

    ...it to estimate how many of those in the current working age population are already over the LTA or are set 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...

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

    British Steel Pension Scheme independent review Justin Corliss 21 February 2019 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 review...

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

    ...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”. More and more...

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  • Pension holiday article - Royal London for advisers

    ...and stock markets plunging, leaving investors concerned about the value of their investments and looking to mitigate the damage. These are all issues that can affect the pension market as people make knee-jerk decisions to cut or even stop, their contributions. While they may do this as a short-term...

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  • Could you use a pension to offset ISA losses? - Royal London for advisers

    ...his analyst degree to use when he moved to Marketing in 1997 where he specialised in market research and analysis. Craig became Chairman of LAMRA, an informal association of Life Assurance providers, in 2004 as he worked to improve marketing and market research standards within the Financial...

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  • Helping your workplace clients stay on top of their employer duties - Royal London for advisers

    ...the regulator has relaxed this just now and issued guidance instead. Changing employment rights, including any salary exchange agreements can be a complex area in contract and pensions law and getting financial or legal advice can help. Get help and support, don’t just stop direct debits. If your workplace...

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  • Teacher's Pension article - Royal London for advisers

    ...consultation conclusions are: Although there would be limited immediate financial impact from phased withdrawal, this would increase over time. The measure would assist some schools in managing the increased cost of TPS membership. The measure is likely to result in more teachers retaining access...

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  • Destination workplace - Royal London for advisers

    ...concern that too many transferring clients are recommended complicated highly charged investment strategies requiring ongoing advice when their circumstances suggest a more basic, low cost plan would be more suited to their needs. For some people this will be the right answer, but it won’t be right...

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    Workplace pensions

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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.