2016: 10 years of Corporate Adviser


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  • B&CE, provider of The People’s Pension, teams up with LV= to offer retiring members regulated robo-advice for less than £50. Individuals then wanting to execute the advice must pay a further £499.
  • Government commits to delivery of a pensions dashboard in collaboration with the industry.
  • FCA’s Financial Advice Market Review proposes better tax breaks for financial advice, early access to pension pots to pay for advice and clearer signposting of guidance and ‘streamlined advice’.
  • Now: Pensions agrees to ensure non-taxpayers do not miss out on the tax relief they would get in a relief-at-source scheme by making up the shortfall for affected members.
  • Rumours that George Osborne plans to replace pension tax relief with a pension Isa provoke a backlash from the media and backbench Tory MPs. Fear of bad news ahead of the EU referendum is believed to hold back Osborne from proceeding with his plans. A Lifetime Isa is launched instead, which some perceive as a Trojan horse for further change.
  • The UK votes to leave the European Union. Prime Minister David Cameron and Chancellor George Osborne resign, being replaced by Theresa May and Philip Hammond respectively.
  • Richard Harrington becomes parliamentary under secretary of state for work & pensions, covering the pensions brief previously held by Ros Altmann, but without the title of minister.
  • Pitmans Trustees is hit with a triple fine by TPR for failing to ensure annual governance statement requirements were met.
  • A row breaks out between the Investment Association and campaigners it accuses of making hysterical claims about hidden fees that it says are as realistic as the Loch Ness Monster.

“I am at heart a policy expert rather than a politician.” Former pensions minister Ros Altmann

CA Firm of the Year: Aon

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