Just 12% of UK retirees have taken advice from an IFA
As 20% said they considered riskier pension products for the higher rate of interest
FSCS
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Advisers worried higher levies will hurt clients
And impact their profitability as current climate is seen as unsustainable
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Mini-bond victims to appeal FSCS judicial review
Judge expressed ‘greatest sympathy’ for investors but dismissed their claim
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Industry ‘inherently contradictory’ on how to tackle FSCS levy
UK watchdog says it would be ‘utterly absurd’ to claim there is nothing it could do
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5 advice firms declared in default in first two months of 2021
Four life and pension companies also shut up shop during the period
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SJP to shed 200 jobs and scale down Asian adviser recruitment
As it targets £200bn funds under management by 2025
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40% of advisers forced to hike DB transfer fees
‘Access to affordable pension transfer advice is likely to get far worse for consumers’
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PEOPLE MOVES: LGT, FSCS, Stonehage Fleming
Bank names CEO, while UK lifeboat scheme COO steps down
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Lifeboat scheme steps in as Liberty Sipp defaults
Investigation concludes that FSCS ‘might be able to compensate customers’
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Disbelief as UK lifeboat scheme levy forecast to hit £1bn
As regulators also eye increase to FSCS management budget
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IFS Qatar loses court fight
Victor says ‘our sector should have no place for the individuals who are currently running IFSQ’
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Advice trade body calls for FCA fines to contribute to FSCS
Watchdog can ‘make better use’ of powers ‘to prosecute firms for criminal offences than it currently does’