UK regulator to support struggling advice businesses
As it postpones publication of policy paper because of covid-19
FCA
-
-
FCA fines adviser over unsuitable £112m pension transfers
He failed to fully understand the underlying products customers were investing in via their Sipp
-
Maximum ombudsman compensation limit to rise to £355,000
Changes to start on 1 April
-
Scammers target ex-clients of two firms over pension transfers
Offering them help for an upfront fee
-
UK regulator rejects 30 robo-advice applications
A quarter of those seeking to roll out digital tools to market
-
Is the FCA too late to act on phoenixing?
Calls for more scrutiny of advisers setting up firms when they have existing licences
-
UK regulator probes 125 advisory firms on suitability
Focusing on clients receiving advice on income in retirement
-
Technology is not a one-and-done solution for advisers
And spending millions on due diligence in terms of time and resources is ‘frankly ridiculous’
-
Around 370 firms exited DB pension space in last two years
FCA chief says that large investigation may have found mis-selling in the market
-
UK regulator shines positive light on life insurance outsourcing
But some firms with potential non-compliance have been asked to ‘take action’
-
Mini-bond victim caught in UK regulator data breach
Their personal details were publicly accessible despite not being relevant to the FOI request
-
Advisers pester fund groups to cut fees
Despite only 9% having cut their own costs in recent years