The FCA has joined forces with 6 other pension bodies to give answers to key questions for scheme members in an easy-to-read guide for consumers.
It explains how Government and regulators work together to support savers and protect pensions, and provides information on how people can protect themselves against pension scams.
Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.
ATEB Compliance offers compliance and regulatory advice.
ATEB Suitability provides report writing software for the financial services market.
For information.
For information.
We’ve been involved with a number of firms who are on the acquisition trail and as part of the due diligence work we support them with, we check a lot of advice files. It won’t come as a surprise that many of these involve replacement business. What never ceases to amaze us is that, despite […]
Thomas Fuller, the 17th Century author and historian said that: “Health is not valued till sickness comes.” It is probably true that most people in good health perhaps take it for granted, but according to the Office of National Statistics, the number of working age people who can’t work because of long-term sickness […]
The FCA’s Retirement Income Advice thematic review seems to be gathering momentum and the latest developments come as no surprise. We’ve commented upon the survey in recent articles and are aware that some of the 1,300 or so firms that were sent it have now been asked to submit files by the regulator, who […]
Here’s a question. What happens to ongoing adviser charges if the adviser dies? This came up recently when we were asked: “We have it written into our adviser contracts that the clients belong to the adviser. We are considering an amendment to the contract along the lines of, if the adviser dies his […]
Consumer Duty – the shape of things to come?
Paul Jay Compliance 2021, complaints, Conduct, email, FCA, Pension, Pension Transfer, PI, platform, Register, Switch, transfer, Xplan
In its numerous publications prior to the implementation of Consumer Duty, the FCA promised that it would be more proactive and take a forward looking view, rather than acting with the benefit of hindsight – something for which it has received criticism previously. We’ve been waiting to see how this would pan out and didn’t […]