Written by Rory Gravatt on 31 May 2018
Feature first seen in Professional Adviser on 31/05/2018
The FCA, followed by the Work and Pensions Committee, see default drawdowns as the way forward. They believe that lower charges will offset the absence of any maximum income limit to minimise the risk of the state being hit with a future benefits crisis – I don’t believe it. Just a few years ago, the regulator frowned on drawdown, and the economic realities have not changed since then. It’s simple: the only default retirement option should be personalised guidance or even advice. Let’s offer customers free robo advice and a near-retirement consultation – and it is up to policymakers to work out how that is funded.
Improving treatment of vulnerable customers
Written by Sam Turner on 14 March 2019
The financial services industry is lagging when it comes to identifying and servicing vulnerable customers, putting them at risk of both regulatory and reputational damage. While some businesses seem to be making progress – writing vulnerable customer policies, training staff and adopting front-line techniques – there is still a lot to be done.
Altus Consulting joins Insurtech UK as consultancy partner
Written by Mark Andrews on 12 March 2019
Altus Consulting, a leading financial services consultancy, has officially become a partner of Insurtech UK, joining the first wave of associate members and partnership sign-ups of 2019. With the aim of becoming the definitive voice of the InsurTech community in the UK, the alliance has welcomed over 40 InsurTech start-ups since its launch in November 2018.