FCA releases Sustainability Disclosure Requirements
Long-awaited SDR includes changes such as a fourth fund label, and less prescriptive stewardship and disclosure rules
FCA
-
-
Polluter pays framework ‘counterproductive’- Industry reacts to FCA proposals
As personal investment firms will be expected to set aside capital to cover compensation costs
-
Advice firms launch organisation to tackle sustainability issues
With mental health in the workplace being chosen as initial engagement focus
-
FCA bans two advisers for poor BSPS advice
Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.
-
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
-
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
-
Wealth management sector paid out £3.8m in FCA fines this year
An FOI request by Oxford Risk has revealed
-
FSCS declares another pension advice firm in default
Having received 111 claims against it
-
FSCS levy ‘barrier to growth’ for firms, says PIMFA
As the lifeboat scheme forecasts it to increase to £415m in 2024/25
-
Advisers switching fee structures in reaction to Consumer Duty fair value
With 3% of firms still in noncompliance
-
75% of advisers concerned about inflation when considering retirement income for clients
While 61% highlighted the challenge of changing regulation
-
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.