All I want for Easter is the findings of the FCA’s thematic review
BNY Mellon’s Richard Parkin sets out his wishes for some clear guidance from the regulator
DB pensions
-
-
FCA bans two advisers for poor BSPS advice
Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.
-
FSCS levy ‘barrier to growth’ for firms, says PIMFA
As the lifeboat scheme forecasts it to increase to £415m in 2024/25
-
FCA bans adviser in regard to DB pensions transfers
He had advised 422 customers, 183 were BSPS members
-
FCA bans adviser for failures in advice given to BSPS members
With the FSCS paying out over £8.4m in compensation to customers
-
Canada Life completes third deferred-member buy-in
The third buy-in in the space of three months
-
Four-fifths of DB pension trustees expected to approach insurer in next five years
With 36% expected to approach one within the next year
-
DB transfer values fall by 8%
As 95% of cases reviewed in June raised at least one scam warning flag
-
UK government slammed over its short-term approach to pensions
Steve Webb bemoaned the lack of long life spans of pension ministers
-
IFA banned over ‘unsuitable’ DB pension transfer advice
He has been told to pay £850,000 to the FSCS to compensate customers
-
DB transfer values fall to lowest month-end level for 7 years
93% of cases raised at least one scam warning flag in May
-
Another IFA banned from providing advice on pension transfers
FCA has also prohibited him from holding any senior management function in a regulated firm