As long ago as February this year the FSA published its consultation paper CP 11/09 which encapsulated the changes needed in retail investments product disclosure to reflect RDR adviser charging and to improve pension scheme disclosure. Consultation closed on this back in May. We still await final rules. This was followed in August by a Policy Statement PS 11/09 linked to CP10/29 which is focused on implementing RDR within platforms and nominee-related services. It is worth looking at the Disclosure requirements of each in turn as they will collectively create a significant extra burden for the market. The reasoning for CP11/09 is as follows: consumers need more information about products’ charges, risk levels and the main product features so they can make informed decisions. From the point of view of providers many have been crying out for more practical flesh on the bones of RDR changes which CP11/09 delivered in several key areas.
Posts Tagged ‘Sipp’
Scheme Pension Illustrations
Tuesday, June 23rd, 2009
Rowanmoor Pensions has rolled out a pension scheme illustration service to allow advisers to offer clients a projection of their income from a scheme pension compared to USP and ASP.
Designed for anyone wanting to set up a Rowanmoor Pensions SIPP or Family Pension Trust, the service has been launched in response to increased demand for scheme pensions. The boost in pensioner interest in scheme pensions is linked to the potential for taking higher levels of income and the fact it can be paid with a guaranteed period of up to ten years.
SIPP Illustration systems and SMPI
Friday, July 4th, 2008
Dunstan Thomas has been developing illustrations and projection systems for the SIPP and wide pensions and investment market place for over a decade. Clients are spread throughout the SIPP market from banks, life & pensions companies to TPA’a and wealth managers.
Today the Illustrations are part of the Imago Front Office suite developed around a set of SOA architectures are incredibly flexibly to deploy and manage.
http://www.dthomas.co.uk/imago/illustrations/Frontoffice.html
Spreadbetting and CFD
Tuesday, August 14th, 2007
Does anyone have an opinion on spread betting and CFD’s as permissible asset classes in SIPP’s. Has anyone got some first hand experience good and bad. I am fascinated by the juxtaposition of the extremes in risk. Go on – send me a comment.
Results season
Thursday, August 9th, 2007
It seems difficult to avoid Standard Life’s PR engine these days as the results season is upon us. I note in Money Marketing a comment was made non how Standard Life boasted fantastic sales figures earlier this week particularly on the individual Sipp front with sales of £2.5bn but as with most results, the devil is in the detail. The article then went on to say that then when you delve a bit further it turns out that the life office also paid out £3.6bn in claims which could mean they are simply recycling existing pensions business into new business.
