‘Woeful’ British Steel IFA company fined £2.4m
It provided unsuitable pension transfer advice to both BSPS and other DB members
FCA
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FCA wants pension providers to boost consumer engagement
As it sets out standards to make sure savers can access ‘value for money products’
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FCA to unveil £5,000 fee for financial promotion applications
Following amendment to prohibit firms undertaking marketing on behalf of unauthorised businesses
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‘Watershed moment’ as FCA eyes simplified advice regime
In a bid to provide mass market consumers with greater access to services
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FCA urges prompt action from British Steel PI insurers
To ensure the redress scheme ‘runs as smoothly as possible’
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£49m British Steel redress scheme gets greenlight from UK regulator
More than 1,000 consumers are expected to be compensated
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Hartley Pensions director slammed over ‘inaccurate’ letter
FCA says communication ‘may have caused customers concerns’
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PFS creates Consumer Duty guide for advisers
To help IFAs understand the FCA’s expectations for the incoming regulation
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FSCS on the hunt for clients of two unregulated investment firms
To explore whether compensation could be deemed valid under its rules
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Most advisers rely on portfolio performance to evidence value
This fails to measure the planning and emotional support that clients get from IFAs
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Consumer Duty needed to restore ‘failing public confidence’
FCA chief executive wants the regulation to help bring down FSCS levy and number of FOS complaints
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Consumer Duty to force wealth firms to rethink business models
While white paper says the regulation will bring adviser-platform relationship closer