FCA mulls Consumer Duty grace period
Legislation still set to come into force from April 2023
Tax & Regulation
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Brits in the EU still face UK account closures
After Brexit, they are not allowed to hold a bank or investment account in Britain if they are not resident
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Watchdogs wade into pension transfer delay dispute
PensionBee accused some providers of using loopholes to delay or stop consumers moving their retirement pots
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Dubai regulator fines advice firm director $240,000
After he obstructed an investigation into three companies
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FCA urged to compensate British Steel victims using the PPF
Pimfa is calling on the watchdog to step up and use the pension protection fund
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PensionBee accuses providers of delaying and blocking transfers
‘Regulations are being abused by a handful of rogue actors’
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UK advice firm enters liquidation
Two months after receiving asset retention order from the regulator
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IQ-EQ handed £800,000 fine in Jersey
It avoided a penalty of over £1.6m by accepting the regulator’s findings
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FSCS investigating advice firm with Portugal links
Company advised on and arranged pension transfers into the Trafalgar Multi Asset Fund
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International inheritance and succession network hits the market
It will help individuals, family offices and advisers manage the complexities of cross-border planning
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UBS to pay $25m to settle fraud charges
Bank failed to share data with advisers and clients about significant risk in a ‘complex investment strategy’
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How advisers can prepare for Mifid II changes
They will look to improve client suitability assessments