Advice is ‘too expensive’ and ‘for the wealthy’, Brits claim
44% of Gen-Z savers believe they can source valuable information on social media
FCA
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FCA extends asset retention rules for British Steel advice firms
As it writes Dear CEO letter telling pension providers to comply with information requests
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IFA firms slammed for ‘misleading’ ex-British Steel members
FCA deems move a ‘deliberate attempt to exclude them from participating in the redress scheme’
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FCA worried about ‘superficial and over-confident’ Consumer Duty plans
Industry cannot ‘take foot off the gas’ with only six months to prepare for the regulation
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FCA threatened with referral to financial regulator watchdog
IFA blasts ‘repeated mistakes, delays and bad leadership’ that harmed thousands of British Steel workers
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FCA faces legal challenge over British Steel redress scheme
Regulator believes move is an ‘attempt to delay payment’
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Ninth UK advice firm fails in 2023
FSCS has already received eight claims against the company – but five have been rejected
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FCA to carry out retirement income advice review
Regulator said findings will be an important indicator to how firms are implementing the Consumer Duty
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Convicted investment fraudster gets four more years in prison
After failing to pay a confiscation order made against him
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Pension advice firm fails
FSCS has already received two claims against the company
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Number of fines issued by the FCA doubled in 2022
As the UK regulator looks to take a more ‘proactive and assertive approach’
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FCA to review compensation limits for pension claims
As the regulator continues to move towards a ‘polluter pays’ FSCS model