Lack of joined-up thinking risks undermining advice review
UK pension transfers, ombudsman award limits and compensation scheme changes not on the agenda
FCA
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Are advice firms reporting badly behaved peers to the FCA?
As rising costs often mean ‘good’ firms are hit by the fallout when others go bad
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Ponzi scheme ordered to repay investors
Over £15m was raised from 1,000 people who were promised ‘unrealistic returns’
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Financial Conduct Authority eyes ban on crypto derivatives
Retail consumers often contacted by Cyprus-based firms selling these risky products
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UK regulator moves to limit harm to retail consumers
Permanent restrictions on sale of contracts for difference (CFDs) both direct and via intermediaries
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Woodford exploited Ucits rules in Guernsey listings, FCA claims
UK watchdog boss blames regulation over fund issues and ‘puzzling’ timeline from Bailiwick exchange
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IFAs recommending DB pension transfers in FCA’s crosshairs
Regulator outlines review as industry warns against making life even more difficult for clients
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FCA platform switching proposals fall flat with industry
In specie transfers, exit fees and share class conversion among the issues
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How to advise vulnerable clients
UK financial watchdog has made it clear that firms are expected to take up the challenge
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FCA to focus on liquidity and platforms in light of Woodford
Andrew Bailey says lessons learned from Equity Income suspension could require rule changes
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Guernsey stock exchange claps back at FCA over Woodford
While Omnis Investments drops the fund manager from its £330m fund
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Pre-tax profits hit £872m for UK advice firms
But professional indemnity insurance premiums increased by 16% to £94.4m