FCA to review treatment of politically exposed persons
Regulator will ‘take prompt action if any significant deficiencies are identified in the arrangements of any firm assessed’
FCA
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Financial advice company fails
With the FSCS receiving claims relating to the British Steel Pension Scheme
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Duo face bans and £1.3m fine over pension transfer advice
They have referred the FCA decision notices to the Upper Tribunal
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Pension transfer activity falls to lowest level in five years
As FCA updates guidance on how to support vulnerable clients when providing pension transfer advice
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UK wealth manager hit with regulatory restrictions
They came into effect on 16 August 2023
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Two UK-based firms fail
With the FSCS receiving claims related to investment and secured bonds
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Calls for judicial review into FCA as investment trust sector faces extinction
Cost disclosure regulation has been called ‘illegal and irrational’ amid an ’emergency situation’ for investment companies
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Quilter rolls out client communications guide for advisers
Consumer Duty is clear about how providers should be supporting customers in their decision-making process
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UK-based financial advice firm fails
Lifeboat scheme has received five claims related to pension transfers and Sipps
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UK IFA firm fails
With the FSCS receiving claims in regard to the British Steel Pension Scheme
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Retail investment advice revenues increase by 3%
As firms pay £166m in professional indemnity premiums
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FCA halts plans for simplified advice following ‘limited’ industry support
As regulator pushes on with review into advice/guidance boundary