Is visualisation the key to encouraging earlier retirement saving?
The behavioural science technique could adjust the short-term bias younger people naturally have with their finances
By Amanda Newman Smith 12
th April 2021 10:38 am
Visualisation techniques, used as a way of motivating yourself to achieve something, pop up in various contexts.
Sports professionals often visualise themselves rehearsing a skill or routine to prime their body for success. Visitors to health spas are taught to relax by visualising themselves in a beautiful summer garden.
In financial planning, visualisation enables clients to explore their financial goals. Imagining their future self at retirement, for example, can help them understand the kind of life they want and make it easier for advisers to help them achieve it. But can this approach be used to encourage young people to start saving earlier for retirement?
Wealth manager enters DB market with TVAS acquisition
By Michael Klimes 7
th April 2021 6:00 am
Wealth manager Arlo Group has entered the defined benefit market with its acquisition of Purely Pensions.
Purely Pensions will remain directly authorised and offer transfer value analysis report writing to third parties, among other defined benefit services.
Arlo Group also has an international advice arm that is split between UK clients and non-domiciled individuals.
The deal remains subject to FCA approval.
Arlo International managing director Jonathan Hives says: “We have invested into a company that have permissions to do DB transfers. This company has the Pension Transfer Gold Standard and it is absolutely critical you take correct advice.
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Profile: ‘Greater access to information has forced financial services to clean up its act’
By Amanda Newman Smith 12
th January 2021 11:39 am
The first step for many when buying a product or service these days is to trawl the internet looking at reviews or feedback left by previous customers.
The power consumers have in shaping a company’s reputation through very public opinions is something Arlo International managing director Jonathan Hives sees as aiding regulation in financial services.
Heading up the UK-based international advice arm of wealth management firm Arlo Group, Hives has seen regulation tightened up globally, not just in the UK. This has been good for UK expats who have been fair game to offshore advice firms that have used aggressive sales tactics to gain business, provide unsuitable advice and charge clients an arm and a leg for the privilege.
| UPDATED: 15:15, Mon, Jan 4, 2021
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Prime Minister Boris Johnson made a deal with the EU on December 24, just days before the transition period was due to end on December 31. While the deal came as good news to many who didn’t want to see the UK exit the Brussels bloc without an agreement, some critics claim there are a number of flaws within the document. In fact, even the Prime Minister himself admitted the deal “perhaps does not go as far as we would like [on financial services]”.