This website is for journalists and the media only.
Launched in February 2007, Panacea Adviser (Panacea) is a unique and free resource that supports financial advisers, mortgage brokers and paraplanners by providing free online access to the very latest tools, calculators, research, educational support and business development ideas from product providers and support services all in one place.
The site has established an active community where advisers, paraplanners, brokers and providers alike can engage in debates and discussions affecting their business, where concerns are voiced and the necessary support provided - all for free.
For any media enquiries or comment, contact Derek Bradley, CEO on 0191 206 4030 or email derekbradley@PanaceaAdviser.com.
FOS cunning plan to destroy smaller IFA firms.
The Financial Ombudsman service announced, on the 16th October, it was proposing that on 1 April 2019, yes, now just 4 months away, “the ombudsman service’s £150,000 award limit should increase by 133% to: • £350,000 for complaints about acts or omissions by firms on or after 1 April 2019 • £160,000 for complaints about acts or omissions by firms before 1 April 2019, and which are referred to the ombudsman service after that date They also propose that, from 1 April 2020 onwards, both award limits should be automatically adjusted on 1 April to ensure they keep pace with inflation, as measured by the Consumer Prices Index (CPI). For any complaints referred to the ombudsman service before 1 April 2019 the limit will remain at £150,000”. ...more >
November 9, 2018
FCA suggests clear out of sales dinosaurs
Arthur’s thought for the day: "You make contact with your customer. Understand their needs. And then flog them something they could well do without.” I think this may be what one senior figure at the FCA’s perception of financial services sales ‘persons’ is? ...more >
October 29, 2018
Defaqto announced as latest partner for Panacea Adviser
Panacea Adviser has today announced Defaqto as the latest parter to join its growing roster. ...more >
October 23, 2018
Death by FOS. Is this the end for smaller IFA businesses?
The Financial Ombudsman service announced, on the 16th October, it is proposing that on 1 April 2019, yes, just 5 months away, “the ombudsman service’s £150,000 award limit should increase by 133% ...more >
October 18, 2018
In November 2017, the now ‘late’ Professor Stephen Hawking issued a chilling warning about the imminent rise of artificial intelligence. During the interview, Professor Hawking warned that AI will soon reach a level where it will be a 'new form of life that will outperform humans.' There is a move afoot to bring the delivery of financial advice into the 21st century. After all, with the smart phone, tablet and virtual reality all breaking through boundaries, why should financial advice not find itself in the vanguard of change? ...more >
September 24, 2018