FCA bans two advisers for poor BSPS advice
Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.
FCA
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FCA to consult on VFM framework for DC workplace pensions
With the regulator suggesting pension savers need to be confident that their scheme delivers value
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When advisers question their platform, the answers better be good
As advisers expect the platforms they use to support them on securing good client outcomes
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Wealth management sector paid out £3.8m in FCA fines this year
An FOI request by Oxford Risk has revealed
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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?