UK financial advice business fails
Lifeboat scheme has received five claims against the company
FCA
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17 investment firms blocked by FCA due to phoenixing fears
As executive director of enforcement and market oversight steps down after seven years at UK regulator
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DB transfers plunge 53% in three years
Drop is culmination of ‘limited availability and increased cost of advice’
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FCA sounds alarm over rising pension scams
A quarter of consumers would withdraw their retirement savings to cope with cost-of-living crisis
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What does the advice sector want from FCA director of international?
UK regulator is looking to improve its engagement overseas
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Some advice firms still clueless about Consumer Duty
Yet they have less than a year to comply with the FCA’s rules
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Regulator slammed over British Steel redress calculation issues
FCA faces a potential judicial review if problems are not resolved
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Redress solution for bad pension transfer advice likely to cause more problems
If enacted, the recommendations could put consumers in a worse tax position
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FCA to tackle advice-guidance boundary in market review
It aims to remove regulatory burdens for advisers and allow them to lower charges
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UK financial adviser banned
He stole around £300,000 via a ‘dishonest and sophisticated scheme’
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Why advisers are being hit with pension transfer delays
It will continue to be a ‘frustrating period’ if a rules review is not complete by the summer of 2023
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British Steel advice firm fails
UK lifeboat service has received 25 claims against the company