Wealth management sector paid out £3.8m in FCA fines this year
An FOI request by Oxford Risk has revealed
FCA
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FSCS declares another pension advice firm in default
Having received 111 claims against it
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FSCS levy ‘barrier to growth’ for firms, says PIMFA
As the lifeboat scheme forecasts it to increase to £415m in 2024/25
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Advisers switching fee structures in reaction to Consumer Duty fair value
With 3% of firms still in noncompliance
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75% of advisers concerned about inflation when considering retirement income for clients
While 61% highlighted the challenge of changing regulation
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The shoehorning ghost that could haunt consolidators
Rapid growth through acquisition boosts assets and revenues, but it could also heighten the risk that end clients are placed in unsuitable investments.
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FCA bans adviser in regard to DB pensions transfers
He had advised 422 customers, 183 were BSPS members
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IBOSS renames ‘Income’ MPS
Following a company review with advisers
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44% of Gen-Zs believe social media provides worthy financial advice
Should the advisory industry utilise social media to educate Gen-Z investors?
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The FCA’s 14-point action plan part 2: What you need to know
As financial advisers have a considerable part to play when it comes to making sure the requirements of Consumer Duty are met
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40% of DC savers don’t know if their pensions are invested responsibly
With 63% saying they would feel more engaged if their pensions were
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UK firm declared in default in regard to pension advice
With FSCS receiving 14 claims