Pension decumulation provisions still ‘thin on the ground’
‘Technology not a barrier’ but providers need to start innovating
FCA
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Only 25% of people seek regulated advice for Sipps
A UK MP has branded the trend ‘worrying’, especially if investors don’t have a financial buffer
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Fraud centre reveals ‘shocking’ £197m losses for victims
Chameleon-like scammers are ‘adept at changing to present themselves as the genuine article’
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Two-year sentence for unauthorised UK investment firm boss
Prison term suspended with fraudster ordered to complete 300 hours of community service
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Advice business exits industry after flurry of complaints
UK ombudsman upheld a complaint in December against the firm over defunct Greyfriars fund
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FCA granted transitional powers for ‘no-deal’ Brexit
UK’s financial regulator urges firms to start preparing now to comply with obligations
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FCA proposes ‘adviser-less’ pension investment solutions
The move would help stop 100,000 clients a year putting retirement pots into unfit investments
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Australian regulators in gifts and hospitality scandal
Asic received presents from companies that, at the time, were subject to investigations
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British Steel workers let down by basic mistakes
Independent review found scarce communication and information left pension scheme members in a vacuum
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Wealth manager calls on FCA boss to quit over Mifid II
Financial Conduct Authority CEO admits no firm has faced enforcement action on fee transparency
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Eight-year jail term for investment fraudster
Carbon credit scheme scammed £2.4m from 130 victims
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Hundreds of millions lost to UK pension scams
Insolvency Service wound up 24 firms in four years, with victims losing £202m in pension contributions