Network’s ultimatum to IFAs: Pass our UCIS test or go restricted

Professional Adviser | 31 Oct 2014 | 10:42 | Regulation

A network is planning to test its independent advisers' knowledge on unregulated collective investment schemes (UCIS), and if they fail, will ask them to become restricted.


FCA warns of scheme targeting people's pensions through SIPPs

Professional Adviser | 31 Oct 2014 | 10:50 | Regulation

The Financial Conduct Authority (FCA) has warned of a scheme encouraging pension savers to transfer money from their work pension schemes into Self-Invested Personal Pensions (SIPPs) to be invested into an AIM listed company.

Sesame: Other firms use ‘pay-to-play' schemes too

Professional Adviser | 31 Oct 2014 | 08:03 | Regulation

Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.

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    Will the guidance guarantee be of value to people with small pension pots?