The Financial Conduct Authority (FCA) must establish a ‘second line of defence’ for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.
Advisers are charging clients more post-Retail Distribution Review (RDR), despite falling product prices, a consultancy hired by the Financial Conduct Authority (FCA) has found.
The Financial Conduct Authority (FCA) has declared the Retail Distribution Review (RDR), its "once in a generation" project to revamp the retail investment advice market, is working, though some concerns remain on the costs and labels of advisers' services.
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The chairman of IFA network Sense has called on advisers to come up with a “sensibly priced” at-retirement service, saying the prospect of non-advised drawdown left him “horrified”.
Consumers are put off seeking regulated advice because they don't know how to judge its quality, research commissioned by the Financial Conduct Authority (FCA) suggests.
Fundamental problems with the shopping around system for annuities must be addressed before pension freedoms being in April, experts have said.
Consumer research undertaken by the Financial Conduct Authority (FCA) found that 40% of consumers do not exercise their option to switch and instead purchase an annuity from their existing pension provider. The regulator found six key reasons why.
The Financial Conduct Authority (FCA) said it has overhauled its systems and processes after it was found to have been "seriously inadequate" in its response to a media blunder earlier this year.
Pension transfers are set to hit two million a year within the next 12 months as pot follows member begins. That, Jon Gwinnett writes, is just one reason why the industry needs to get its house in order
Pension freedoms bring greater risks as well as choice, especially for those who don’t take advice or guidance. But, Andrew Tully argues, the FCA and providers can help…
Treasury Committee chairman Andrew Tyrie has said the Financial Conduct Authority (FCA) must engage more with the regulated community and do more for consumers, as the City watchdog announced sweeping structural and personnel changes following a strategic review.
Blended retirement illustrations are coming by next April. However, Natanje Holt wonders if the increased complexity will make these documents impossible to understand
Financial advisers say they are ‘livid’ they are being asked to contribute to the cost of running the government’s guidance guarantee, despite latest attempts by the regulator to curb the cost for the industry.
The Institute of Financial Planning (IFP) is "on track" to at least break even in 2014 and is hopeful of a small surplus, despite the challenge presented by a regulatory crackdown on inducements.
Regulatory enforcement is not just about increasing the size and frequency of fines, but about the industry forcing better behaviours by shunning wrongdoers, Financial Conduct Authority (FCA) enforcement director Tracey McDermott has said.
A financial planning tools provider has written to the Financial Conduct Authority (FCA) requesting it look into the appropriateness of stochastic models currently used by advisers amid concerns over their quality.
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