British Steel Transfers – Asset Retention
The FCA has made the following announcement. “This morning we have announced that we are using emergency powers to prevent […]
Compliance
Pension Transfer charging
Policy Statement PS 20-06 stated that a firm providing pension transfer advice “… may also not charge less than it […]
TR22/1 – Thematic Review: Observations on wind-down planning
The FCA has published a Thematic Review report which provides some observations around the quality of wind-down planning in firms. […]
Consumer Duty – fair value and adviser charges
The FCA’s proposed Consumer Duty is getting a lot of airplay in the trade media. First mooted in the FCA’s […]
FOS Award limit increased
In March 2019 the FCA published PS19/8 to increase the ombudsman service’s award limit from £150,000 to £350,000 for complaints […]
Improving the Appointed Representatives Regime
The FCA has consulted on proposed changes to the Appointed Representatives (AR) regime. The proposed changes aim to reduce potential […]
Pension Transfers – considering a workplace pension
We recently reviewed a pension transfer report where the client was recommended to transfer out of the defined benefit scheme […]
Consumer Duty – impact on adviser charging
The FCA is devoting a great deal of weight to its upcoming Consumer Duty regulations. These will be finalised in […]
New financial sanctions measures in relation to Russia
Readers will be aware that, following the invasion of Ukraine by Russia, the UK Government, together with other countries, has […]
Ongoing client reviews – appropriate or not?
FT Adviser published an article on 15 February under the headline “Advisers struggle to get savers to come for pension […]