Regulation

        FCA sets out to bust myths about its rules

        Professional Adviser | 22 Oct 2014 | 07:40

        Abraham Okusanya paid a visit to an FCA compliance seminar and discovered a regulator keen to banish, once and for all, some of the misconceptions around its rules...

        abraham
        Gears of War skull

        FSCP warns of emergence of 'toxic' products in retirement space

        Chair of the Financial Services Consumer Panel (FSCP) Sue Lewis has told MPs she expects the emergence of "a lot of toxic products" in the retirement sector following the announcement of new pension freedoms in the Budget.

        Professional Adviser | 22 Oct 2014 | 07:37
        House of Parliament at night on River Thames

        FCA: Guidance should help people ask questions, not give answers

        The Financial Conduct Authority (FCA) expects the guidance guarantee to “help people understand the questions they should be asking”, not offer choices for them, director of policy David Geale has told MPs.

        Professional Adviser | 21 Oct 2014 | 11:05

    Other Regulation articles

      complaints66

      FOS reports rise in annuity and income drawdown complaints

      Complaints to the Financial Ombudsman Service (FOS) about annuities and income drawdown products have seen an uptick the since the March Budget, new figures have shown.

      Professional Adviser | 21 Oct 2014 | 07:30
      andy-leggett

      P2P or not P2P: Do SIPPs and peer-to-peer lending mix?

      P2P lending might have captured investors’ attention but utilising it in a SIPP brings a unique set of challenges, writes Andy Leggett

      Professional Adviser | 20 Oct 2014 | 11:31
      money-hands-seed-vc

      Annuities to be 100% protected by FSCS

      Annuities will soon be protected 100% by the Financial Services Compensation Scheme (FSCS) if recent proposals by the Prudential Regulation Authority (PRA) get adopted.

      Professional Adviser | 17 Oct 2014 | 13:17
      hannant-chris

      Most advisers want referrals from MAS post-'guidance' - survey

      Almost three quarters of advisers want to be included on a Money Advice Service (MAS) directory for firms prepared to give retirement advice to those who have received free pensions 'guidance' under a government scheme, research suggests.

      Professional Adviser | 16 Oct 2014 | 17:27
      neilmacgillivrayjamesh

      Blog: May you live in interesting (retirement) times

      Has the Chancellor brought about pension flexibility or more pension complexity? Neil MacGillivray voices his opinion…

      Professional Adviser | 16 Oct 2014 | 14:18
      HSBC

      HSBC to review pension transfers following FOS trail ruling

      HSBC is to review historical pension transfer cases to see if it is earning trail income for ongoing advice it is not delivering.

      Professional Adviser | 16 Oct 2014 | 13:35
      mark-boyle-tpr

      Pensions regulator braced for spike in auto-enrolment non-compliance

      The Pensions Regulator (TPR) expects a significant increase in the number of sanctions it hands out for auto-enrolment non-compliance as small employers hit their staging dates.

      Professional Adviser | 16 Oct 2014 | 10:42
      jamie-smith-thompson

      From 'give us a quote' to 'what should I do?': How Budget 2014 is transforming client behaviour

      Prior to Budget 2014, most queries to pensions advisory service Portal Financial were for straightforward quotes. How things have changed...

      Professional Adviser | 15 Oct 2014 | 14:09
      Keith Richards

      PFS chief adds to calls for MAS and TPAS to consider name-change

      The Personal Finance Society (PFS) has written to the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) to suggest they change their names to better reflect the services they offer.

      Professional Adviser | 15 Oct 2014 | 09:42
      hsbc-canary-wharf

      HSBC ordered to refund trail commission to retiree

      Banking giant HSBC has been told to return the trail commission it took from a retiree for ongoing pensions advice it never delivered.

      Professional Adviser | 13 Oct 2014 | 07:45
      The Houses of Parliament in London

      Business leaders urge govt to scrap pensions minister post

      The Institute of Directors (IoD) has made a plea to the next elected government to not make any more changes to pension legislation or even appoint a pensions minister.

      Professional Adviser | 10 Oct 2014 | 07:15
      cracknell-michelle-tpas

      TPAS 'not convinced' pensions education is the solution

      The pensions industry should not “bank on education” as the key to ensuring individuals save sufficiently for their retirement, The Pensions Advisory Service (TPAS) warns.

      Professional Adviser | 08 Oct 2014 | 14:08
      austin-broad

      Will the guidance guarantee undermine regulated advice?

      The guidance guarantee threatens to become a “new tier of advice badged as guidance” and will “fly in the face" of the complexities of retirement planning carried out by regulated advisers, an independent wealth manager warned. Do advisers agree?

      Professional Adviser | 07 Oct 2014 | 07:55
      webb-steve

      Webb to ‘watch industry like a hawk’ post-Budget

      Pensions minister Steve Webb has warned he will keep a sharp eye on the pensions industry following the announcement of the Budget freedoms in March.

      Professional Adviser | 06 Oct 2014 | 13:16
      cracknell-michelle-tpas

      TPAS plans to intervene on 'Lamborghini' pensioners

      The Pensions Advisory Service (TPAS) is planning to target savers who have indicated they plan to make full use of the pension freedoms outlined at Budget 2014, to warn them of the dangers of doing so.

      Professional Adviser | 06 Oct 2014 | 10:52
      A HM Treasury sign

      Treasury to set-up dedicated guidance guarantee brand distinct from TPAS

      The Treasury is to establish a dedicated guidance guarantee operation for face-to-face meetings separate from The Pensions Advisory Service (TPAS), Michelle Cracknell has said.

      Professional Adviser | 01 Oct 2014 | 10:43
      Dictionary

      Simplified advice: FCA urged to rethink stance on ‘priority needs'

      Simplified advice should not be restricted to those who have cleared their debts and had other ‘priority needs' met if the Financial Conduct Authority (FCA) is serious about closing the advice gap, according to a law firm.

      Professional Adviser | 26 Sep 2014 | 08:24

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