FCA complaints scheme changes ‘unfair, immoral and illegal’
As trio of UK regulators seek to cap redress for financial loss at £10,000
FCA
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UK regulator bans IFA directors over false Sipp statements
Duo ‘have no place in the financial services industry’ after they duped pension provider James Hay
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Good news for investors in unregulated land bank scheme
UK watchdog managed to recover some money nearly a decade after first taking regulatory action
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Unregulated overseas investment scheme at risk of bankruptcy
FCA, lifeboat scheme and Financial Ombudsman Service publish joint statement
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85 UK firms investigated over pension scams
Six have already agreed to review their permissions as a result
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UK bans sale of crypto-derivatives to retail clients
Well-known tokens include Bitcoin, Ether and Ripple
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UK regulator urged to draft rules on pension guidance
Four million people could be missing out on free support ahead of retirement
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64% of advisers and wealth managers do not trust FSCS
They believe UK lifeboat scheme is unable to deliver fair outcomes for clients or firms
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Slowly shutting the door on pension freedoms?
It is becoming harder and harder to find firms ready, willing and able to provide transfer advice
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Over half of full pension withdrawals done without advice
Which puts people at risk of significant income and inheritance tax charges
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FCA offers further reprieve from 10% depreciation rules
Initial temporary exemption expired on 30 September
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Contingent charging ban set to go live
It is expected to trigger greater exodus of advisers from the DB pension transfer market