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
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
BNY Mellon’s Richard Parkin sets out his wishes for some clear guidance from the regulator
Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.
As the lifeboat scheme forecasts it to increase to £415m in 2024/25
He had advised 422 customers, 183 were BSPS members
With the FSCS paying out over £8.4m in compensation to customers
The third buy-in in the space of three months
With 36% expected to approach one within the next year
As 95% of cases reviewed in June raised at least one scam warning flag
Steve Webb bemoaned the lack of long life spans of pension ministers
He has been told to pay £850,000 to the FSCS to compensate customers
93% of cases raised at least one scam warning flag in May
FCA has also prohibited him from holding any senior management function in a regulated firm