The government is being urged to ban defined benefit to (DB) to defined contribution (DC) pension transfers to minimise “complexity and confusion” once the 6 April retirement 'freedoms' are rolled out.
Wealth management firms are facing more serious consequences from a failure to meet suitability requirements as the regulator puts practices under fresh scrutiny.
Restricted advice network giant Sesame witnessed a near-30% fall in new complaints in the second half of last year, as customer gripes related to banking and credit cards rose.
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MPs have criticised the regulator's handling of last year's media blunder around an upcoming closed book review, saying it had been a "major self-inflicted distraction" and "created a false market in life insurance shares".
The Financial Conduct Authority (FCA) has asked UK financial advisers if they think the criteria they must meet to call themselves independent is out of sync with Europe-wide definitions.
The Money Advice Service (MAS) is set to redistribute funding from its 'money advice' proposition to its 'debt advice' offering, meaning advisers’ contributions to the body could be cut.
The Financial Conduct Authority (FCA) is to review the suitability of retirement advice following the pension ‘freedoms' set to be introduced next month.
The Financial Conduct Authority (FCA) is set to be heavily criticised over its decision to leak details of an upcoming insurance probe to a national newspaper, inadvertently causing shares in several major life companies to plummet, according to reports.
The Money Advice Service (MAS) will have its budget slashed and must be made more accountable to those regulated firms who pay for it, an independent report has said following complaints from levy payers.
Two ex-directors of failed adviser TailorMade Independent (TMI) - the main distributor of £400m troubled unregulated property scheme Harlequin - have been banned and fined by the regulator for not assessing the suitability of clients' investments made through self-invested personal pensions (SIPPs), the method most commonly used to invest in Harlequin.
James Thompson updates advisers on the FCA’s social media guidance and outlines how to drive business value by keeping it simple
The government expects to collect an extra £3.1bn from those found to have avoided or evaded tax payments - and those professionals who help them - Chancellor George Osborne said in his Budget speech today.
A law firm has called into question the effectiveness of the regulator's investigations tool, which, paid for by the firms probed, led to enforcement action in only 2% of cases last year.
The Financial Conduct Authority (FCA) has clarified what it deems the right and wrong use of social media for financial promotions - and takes a particularly strict stance on Twitter retweets.
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