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Regulation

Regulation

FCA to cut adviser guidance guarantee levy by 50%

The Financial Conduct Authority (FCA) plans to cut the adviser guidance guarantee levy by 50% and has announced tougher standards on the bodies tasked with delivering guidance to the public.

clock 27 November 2014 •

Regulation

HMRC refines stance on pension lump sum 'recycling'

HM Revenue & Customs (HMRC) has clarified its position on why certain retirees using standalone lump sums trigger a reduced annual allowance.

clock 25 November 2014 •

Pensions

Treasury in 'major U-turn' over plans to fine DC savers who access pots

The government has dropped plans to fine savers who access defined contribution (DC) pots under changes announced in the Budget but fail to alert all their previous pension providers.

clock 25 November 2014 •

Regulation

IFP partners with FCA on 'conflicts of interest' project

The Institute of Financial Planning (IFP) is in discussions with the regulator about drawing up a definitive list of possible conflict of interest scenarios that crop up during the advice and planning process.

clock 24 November 2014 •

Regulation

Watchdog reveals details of £134m pensions liberation bust

The Pensions Regulator (TPR) has shut down a group of five pension liberation schemes that had taken more than £134m from more than 1,400 people.

clock 21 November 2014 •

Regulation

FCA's Lesley Titcomb joins TPR as chief executive

The Pensions Regulator (TPR) has appointed Lesley Titcomb as chief executive.

clock 20 November 2014 •

Long Term Care

APFA: Only a third of advisers qualified to give LTC advice

Only a third of advisers are currently qualified to provide long term care advice despite growing interest from advisers in the area, the Association of Professional Financial Advisers (APFA) has found.

clock 20 November 2014 •

Regulation

FCA: Regulation hinders product cost comparisons

Too many regulatory requirements around what charges need to be disclosed on investment and savings products make it difficult for advisers to assess and compare the cost of products, Financial Conduct Authority (FCA) technical specialist Rory Percival...

clock 20 November 2014 •

Regulation

FSCS Catalyst claims to reach £60m this year

The Financial Services Compensation Scheme (FSCS) expects to pay out £60m in claims against failed ARM bonds distributor Catalyst Investment Group this year.

clock 18 November 2014 •

Regulation

Webb: Some will 'make the wrong choices' with their pension

The government expects some people to "make the wrong choices" and receive a worse outcome than under the existing system when changes designed to give retirees the power to do as they wish with their savings are rolled out in the spring, pensions minister...

clock 18 November 2014 •
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