PEOPLE MOVES: Aviva, Tilney Smith & Williamson, Mirabaud AM
Insurance giant names chief executive of UK & Ireland, as wealth firm makes c-suite hire
FCA
-
-
Advice trade body calls for FCA fines to contribute to FSCS
Watchdog can ‘make better use’ of powers ‘to prosecute firms for criminal offences than it currently does’
-
International Sipps latest FCA crackdown target
Regulator sent letter to firms asking for detailed information – especially about offshore bonds
-
FCA fines IFA firm over ‘unsuitable’ pension transfer advice
It has paid redress of around £2.7m to 41 customers impacted by the switch to Sipps
-
Unregulated financial adviser with six aliases banned
She was already convicted and disqualified in 2009
-
FCA makes mass-marketing ban for mini-bonds permanent
UK financial watchdog introduced a temporary measure at the beginning of 2020
-
Just 8% of Brits received financial advice
But number of advisers slowly increasing
-
FCA warns expats about switching UK pensions into int’l Sipps
As it received queries relating to ‘charges being paid’ in these transfers
-
Advice trade body calls for reform of UK lifeboat scheme
Phoenixing is allowing ‘firms that simply should not be in business’ to transfer compensation burden
-
MPs launch inquiry into future of UK financial regulation
FCA ‘needs independent oversight’ to make it ‘answerable for its actions’
-
FCA sends advisers second DB transfer survey in five months
Speculation UK watchdog is looking to remove permissions from firms not active in the market
-
Brits reluctance to pay for advice sparks ‘critical challenge’
Just 12% are in favour of ongoing fees with most opting for a one-off structure