Professional Adviser www.professionaladviser.com FCA's SDR regulation will 'make advisers sit up and listen' <img alt="FCA&#39;s SDR regulation will &#39;make advisers sit up and listen&#39;" src="https://www.professionaladviser.com/api/v1/wps/00cd7b6/569212b8-ac2a-411a-814a-b18602ff4c2a/2/iStock-1614045654-185x114.jpg" /> <p><!--summary start--> Advisers have generally responded positively to the Financial Conduct Authority's (FCA) final Sustainability Disclosure Requirements (SDR) released earlier this week (28 November), but some still require clarification. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/00cd7b6/569212b8-ac2a-411a-814a-b18602ff4c2a/2/iStock-1614045654-185x114.jpg https://www.professionaladviser.com/news/4151604/fcas-sdr-regulation-advisers-sit-listen https://www.professionaladviser.com/news/4151604/fcas-sdr-regulation-advisers-sit-listen https://www.professionaladviser.com/news/4151604/fcas-sdr-regulation-advisers-sit-listen Thu, 30 Nov 2023 07:35:22 +0000 Market Movers: Israel-Hamas drives investors to safe haven assets <img alt="Market Movers: Israel-Hamas drives investors to safe haven assets" src="https://www.professionaladviser.com/api/v1/wps/05daaf1/9cb23db7-d841-4d16-9041-aa4ef4748cdd/27/iStock-1262967772-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/05daaf1/9cb23db7-d841-4d16-9041-aa4ef4748cdd/27/iStock-1262967772-185x114.jpg https://www.professionaladviser.com/news/4053643/market-movers-blog https://www.professionaladviser.com/news/4053643/market-movers-blog https://www.professionaladviser.com/news/4053643/market-movers-blog Tue, 10 Oct 2023 06:31:21 +0000 Advice/guidance boundary review will help 'bridge advice gap' <img alt="Advice/guidance boundary review will help &#39;bridge advice gap&#39;" src="https://www.professionaladviser.com/api/v1/wps/eb3ffdb/53e1fb69-7dc7-47e6-89ff-ab79fe3904b8/1/iStock-1270907185-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority’s (FCA) changes to how it will approach advice and guidance is a positive that will both support its ongoing Consumer Duty work and help bridge the advice gap, experts agree. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/eb3ffdb/53e1fb69-7dc7-47e6-89ff-ab79fe3904b8/1/iStock-1270907185-185x114.jpg https://www.professionaladviser.com/news/4121579/advice-guidance-boundary-review-help-bridge-advice-gap https://www.professionaladviser.com/news/4121579/advice-guidance-boundary-review-help-bridge-advice-gap https://www.professionaladviser.com/news/4121579/advice-guidance-boundary-review-help-bridge-advice-gap Fri, 4 Aug 2023 07:07:07 +0000 FCA review confirms investment pathways working 'as intended' <img alt="FCA review confirms investment pathways working &#39;as intended&#39;" src="https://www.professionaladviser.com/api/v1/wps/ca05aed/bf98b1e7-32f3-4be9-a9ce-817317e09118/2/iStock-1456434051-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA)'s investment pathways are working “as intended”, it has confirmed in a post-implementation review. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ca05aed/bf98b1e7-32f3-4be9-a9ce-817317e09118/2/iStock-1456434051-185x114.jpg https://www.professionaladviser.com/news/4119943/fca-investment-pathways-intended https://www.professionaladviser.com/news/4119943/fca-investment-pathways-intended https://www.professionaladviser.com/news/4119943/fca-investment-pathways-intended Wed, 12 Jul 2023 07:10:37 +0000 Labour's LTA reversal plan billed merely as 'political posturing' <img alt="Labour&#39;s LTA reversal plan billed merely as &#39;political posturing&#39;" src="https://www.professionaladviser.com/api/v1/wps/54556c7/1dae7cc7-bb59-4284-b8b0-0f9736de11a6/1/Houses-of-Parliament-185x114.jpg" /> <p><!--summary start--> The Labour Party appears strongly committed to its pledge to reverse the lifetime allowance (LTA) on pension savings leaving advisers and their clients open to uncertainty and risk, according to AJ Bell. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/54556c7/1dae7cc7-bb59-4284-b8b0-0f9736de11a6/1/Houses-of-Parliament-185x114.jpg https://www.professionaladviser.com/news/4118080/labours-lta-reversal-plan-billed-merely-political-posturing https://www.professionaladviser.com/news/4118080/labours-lta-reversal-plan-billed-merely-political-posturing https://www.professionaladviser.com/news/4118080/labours-lta-reversal-plan-billed-merely-political-posturing Thu, 15 Jun 2023 11:09:06 +0000 FCA catches firm offering compensation of £50 to BSPS victims <img alt="FCA catches firm offering compensation of £50 to BSPS victims" src="https://www.professionaladviser.com/api/v1/wps/8196677/27ca48fc-588a-4283-988a-8e11df7ee000/3/iStock-1410100778-185x114.jpg" /> <p><!--summary start--> Newport firm David Stock & Co has been blasted by the Financial Conduct Authority (FCA) after it was found to be offering British Steel Pension Scheme (BSPS) victims just £50 in compensation. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/8196677/27ca48fc-588a-4283-988a-8e11df7ee000/3/iStock-1410100778-185x114.jpg https://www.professionaladviser.com/news/4116077/fca-catches-firm-offering-compensation-gbp-bsps-victims https://www.professionaladviser.com/news/4116077/fca-catches-firm-offering-compensation-gbp-bsps-victims https://www.professionaladviser.com/news/4116077/fca-catches-firm-offering-compensation-gbp-bsps-victims Mon, 22 May 2023 07:14:38 +0000 Former London Capital & Finance CEO receives ten month sentence <img alt="Former London Capital &amp; Finance CEO receives ten month sentence" src="https://www.professionaladviser.com/api/v1/wps/bb07665/2d38c6de-d566-408d-a73e-e8142462ba26/4/iStock-1410871938-185x114.jpg" /> <p><!--summary start--> The former chief executive of infamous mini-bond provider London Capital & Finance (LCF) has received a ten month jail sentence, suspended for two years. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/bb07665/2d38c6de-d566-408d-a73e-e8142462ba26/4/iStock-1410871938-185x114.jpg https://www.professionaladviser.com/news/4115792/former-london-capital-finance-ceo-receives-sentence https://www.professionaladviser.com/news/4115792/former-london-capital-finance-ceo-receives-sentence https://www.professionaladviser.com/news/4115792/former-london-capital-finance-ceo-receives-sentence Wed, 17 May 2023 13:24:20 +0000 FSCS investigates London firm Pello Capital after liquidation <img alt="FSCS investigates London firm Pello Capital after liquidation" src="https://www.professionaladviser.com/api/v1/wps/59ab0b6/c137b9fd-4fa7-4c7e-aaf4-cf386d53f4e8/1/iStock-1200976833-185x114.jpg" /> <p><!--summary start--> London-based wealth management firm Pello Capital is under Financial Services Compensation Scheme (FSCS) investigation five months on from entering voluntary liquidation. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/59ab0b6/c137b9fd-4fa7-4c7e-aaf4-cf386d53f4e8/1/iStock-1200976833-185x114.jpg https://www.professionaladviser.com/news/4114590/fscs-investigates-london-firm-pello-capital-liquidation https://www.professionaladviser.com/news/4114590/fscs-investigates-london-firm-pello-capital-liquidation https://www.professionaladviser.com/news/4114590/fscs-investigates-london-firm-pello-capital-liquidation Wed, 10 May 2023 10:17:54 +0000 FCA places temporary suspension on London firm with no assets <img alt="FCA places temporary suspension on London firm with no assets" src="https://www.professionaladviser.com/api/v1/wps/aabacaf/c73b1aa2-2861-4fd7-8712-871c3c929f0e/2/fca-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has temporarily halted regulated business at Kingsbridge Capital Advisors (KCA) following allegations that the firm failed to pay membership fees. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/aabacaf/c73b1aa2-2861-4fd7-8712-871c3c929f0e/2/fca-185x114.jpg https://www.professionaladviser.com/news/4113086/fca-temporary-suspension-london-firm-assets https://www.professionaladviser.com/news/4113086/fca-temporary-suspension-london-firm-assets https://www.professionaladviser.com/news/4113086/fca-temporary-suspension-london-firm-assets Fri, 28 Apr 2023 15:46:37 +0000 Firm with British Steel claims under scrutiny in new FSCS investigation <img alt="Firm with British Steel claims under scrutiny in new FSCS investigation" src="https://www.professionaladviser.com/api/v1/wps/0c4963c/9384e4b8-4a6c-4bcd-8817-9b1a575309f4/5/iStock-532170271-185x114.jpg" /> <p><!--summary start--> The Financial Services Compensation Scheme (FSCS) is investigating Arrow Financial Services – a firm linked to British Steel Pension Scheme (BSPS) claims – over its involvement in regulated activities. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0c4963c/9384e4b8-4a6c-4bcd-8817-9b1a575309f4/5/iStock-532170271-185x114.jpg https://www.professionaladviser.com/news/4112709/firm-british-steel-claims-scrutiny-fscs-investigation https://www.professionaladviser.com/news/4112709/firm-british-steel-claims-scrutiny-fscs-investigation https://www.professionaladviser.com/news/4112709/firm-british-steel-claims-scrutiny-fscs-investigation Mon, 24 Apr 2023 14:45:31 +0000 FCA restricts CFS Management over client money concerns <img alt="FCA restricts CFS Management over client money concerns" src="https://www.professionaladviser.com/api/v1/wps/ae3d9a0/8f79f2d6-7445-460d-a796-bc87c664646b/8/2020-FCA-new-office-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has placed restrictions on wealth and retail investment management firm CFS Management (CFS) for failing to ensure that client money is held in a separate account to firm money. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ae3d9a0/8f79f2d6-7445-460d-a796-bc87c664646b/8/2020-FCA-new-office-1-185x114.jpg https://www.professionaladviser.com/news/4112695/fca-restricts-cfs-management-client-money-concerns https://www.professionaladviser.com/news/4112695/fca-restricts-cfs-management-client-money-concerns https://www.professionaladviser.com/news/4112695/fca-restricts-cfs-management-client-money-concerns Mon, 24 Apr 2023 13:30:59 +0000 ESG ratings providers must profile clients under new rules <img alt="ESG ratings providers must profile clients under new rules" src="https://www.professionaladviser.com/api/v1/wps/dab0b56/fd3a079a-90f6-4c66-84f3-28dd1b7e5df4/2/iStock-520415370-185x114.jpg" /> <p><!--summary start--> ESG ratings providers will need to know who is accessing their services and how they are being used under new Treasury proposals to regulate providers. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/dab0b56/fd3a079a-90f6-4c66-84f3-28dd1b7e5df4/2/iStock-520415370-185x114.jpg https://www.professionaladviser.com/news/4111907/esg-ratings-providers-profile-clients-rules https://www.professionaladviser.com/news/4111907/esg-ratings-providers-profile-clients-rules https://www.professionaladviser.com/news/4111907/esg-ratings-providers-profile-clients-rules Tue, 11 Apr 2023 10:49:25 +0000 FCA hints at potential Sustainablity Disclosure Requirements delay <img alt="FCA hints at potential Sustainablity Disclosure Requirements delay" src="https://www.professionaladviser.com/api/v1/wps/b73f23a/86a3806f-628e-43ce-a2a4-8bb93cbfad0b/5/iStock-1460858833-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has today (29 March) implied that the implementation dates for the Sustainablity Disclosure Requirements (SDR) are being postponed. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/b73f23a/86a3806f-628e-43ce-a2a4-8bb93cbfad0b/5/iStock-1460858833-185x114.jpg https://www.professionaladviser.com/news/4089235/fca-hints-potential-sustainablity-disclosure-requirements-delay https://www.professionaladviser.com/news/4089235/fca-hints-potential-sustainablity-disclosure-requirements-delay https://www.professionaladviser.com/news/4089235/fca-hints-potential-sustainablity-disclosure-requirements-delay Wed, 29 Mar 2023 14:05:24 +0000 What advisers should know about FCA rules and ESG disputes <img alt="What advisers should know about FCA rules and ESG disputes" src="https://www.professionaladviser.com/api/v1/wps/4a9ca1d/30a0a4cd-3ece-49a8-a287-7114f6fb712d/4/iStock-157530171-185x114.jpg" /> <p><!--summary start--> While the popularity of ESG investing shows no signs of slowing down, impending regulatory changes could spell trouble for over half of ESG funds currently in operation, Kate Gee and Alasdair Marshall write... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/4a9ca1d/30a0a4cd-3ece-49a8-a287-7114f6fb712d/4/iStock-157530171-185x114.jpg https://www.professionaladviser.com/opinion/4080452/fca-door-investor-claims-amid-esg-funds-regime https://www.professionaladviser.com/opinion/4080452/fca-door-investor-claims-amid-esg-funds-regime https://www.professionaladviser.com/opinion/4080452/fca-door-investor-claims-amid-esg-funds-regime Tue, 14 Mar 2023 15:11:30 +0000 CII 'disappointed' in FCA over lack of adviser ESG requirements <img alt="CII &#39;disappointed&#39; in FCA over lack of adviser ESG requirements " src="https://www.professionaladviser.com/api/v1/wps/c4df507/ad4b4aaa-171e-49fe-b7d4-71e6b36b80f4/2/iStock-157645432-185x114.jpg" /> <p><!--summary start--> The Charter Insurance Institute (CII) has said it is “disappointed” the regulator’s latest discussion paper does not include an update on ESG and suitability requirements for advisers. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c4df507/ad4b4aaa-171e-49fe-b7d4-71e6b36b80f4/2/iStock-157645432-185x114.jpg https://www.professionaladviser.com/news/4076679/cii-disappointed-fca-lack-adviser-esg-requirements https://www.professionaladviser.com/news/4076679/cii-disappointed-fca-lack-adviser-esg-requirements https://www.professionaladviser.com/news/4076679/cii-disappointed-fca-lack-adviser-esg-requirements Mon, 27 Feb 2023 15:34:36 +0000 Planet Pensions fails as Forthplus Sipp claims surge <img alt="Planet Pensions fails as Forthplus Sipp claims surge" src="https://www.professionaladviser.com/api/v1/wps/531bfae/c4602563-a4b5-4846-a3d0-d3e5965c8eda/1/iStock-1345443906-1-185x114.jpg" /> <p><!--summary start--> Planet Pensions, an advice firm connected to pensions transfers into the Forthplus Sipp, has been declared in default. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/531bfae/c4602563-a4b5-4846-a3d0-d3e5965c8eda/1/iStock-1345443906-1-185x114.jpg https://www.professionaladviser.com/news/4074493/planet-pensions-fails-forthplus-sipp-claims-surge https://www.professionaladviser.com/news/4074493/planet-pensions-fails-forthplus-sipp-claims-surge https://www.professionaladviser.com/news/4074493/planet-pensions-fails-forthplus-sipp-claims-surge Wed, 15 Feb 2023 11:04:12 +0000 Five opportunities for advisers that could see them thrive in 2023 <img alt="Five opportunities for advisers that could see them thrive in 2023 " src="https://www.professionaladviser.com/api/v1/wps/bc1290c/273970c7-a657-49e7-80a0-cc24a5ab9a15/1/iStock-1396280982-185x114.jpg" /> <p><!--summary start--> Five key themes that are expected to play out in 2023 will offer advisers who embrace them the opportunity to build their business and thrive, according to Dynamic Planner. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/bc1290c/273970c7-a657-49e7-80a0-cc24a5ab9a15/1/iStock-1396280982-185x114.jpg https://www.professionaladviser.com/news/4061745/opportunities-advisers-thrive-2023 https://www.professionaladviser.com/news/4061745/opportunities-advisers-thrive-2023 https://www.professionaladviser.com/news/4061745/opportunities-advisers-thrive-2023 Mon, 19 Dec 2022 08:12:03 +0000 Firms urged to engage with 'huge opportunity' PRIIPs consultation <img alt="Firms urged to engage with &#39;huge opportunity&#39; PRIIPs consultation" src="https://www.professionaladviser.com/api/v1/wps/2899c1b/67f3723a-c4fc-4ce8-9d44-1e5b22ef162e/0/iStock-1363751721-185x114.jpg" /> <p><!--summary start--> Financial advisers and other financial services firms are being called on to engage and participate in consultations from the Financial Conduct Authority (FCA) and HM Treasury around the new disclosure regime, which industry experts are optimistic will provide better, more meaningful information for UK investors. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/2899c1b/67f3723a-c4fc-4ce8-9d44-1e5b22ef162e/0/iStock-1363751721-185x114.jpg https://www.professionaladviser.com/feature/4061674/firms-urged-engage-huge-opportunity-priips-consultation https://www.professionaladviser.com/feature/4061674/firms-urged-engage-huge-opportunity-priips-consultation https://www.professionaladviser.com/feature/4061674/firms-urged-engage-huge-opportunity-priips-consultation Fri, 16 Dec 2022 07:46:29 +0000 FCA launches discussion paper around PRIIPs replacement ideas <img alt="FCA launches discussion paper around PRIIPs replacement ideas" src="https://www.professionaladviser.com/api/v1/wps/c2b83b8/a3bc89c9-e657-4b63-a9b3-f9d12815b9a1/2/iStock-104229030-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) is seeking views from industry participants on the delivery, presentation and format of the information that should be disclosed to potential investors as it looks to develop a new set of rules to replace the packaged retail and insurance-based investment products (PRIIPs) regulation. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c2b83b8/a3bc89c9-e657-4b63-a9b3-f9d12815b9a1/2/iStock-104229030-185x114.jpg https://www.professionaladviser.com/news/4061584/fca-launches-discussion-paper-priips-replacement-ideas https://www.professionaladviser.com/news/4061584/fca-launches-discussion-paper-priips-replacement-ideas https://www.professionaladviser.com/news/4061584/fca-launches-discussion-paper-priips-replacement-ideas Tue, 13 Dec 2022 15:03:03 +0000 Phoenixing: FCA may use deed polls to ensure firms' past liabilities met <img alt="Phoenixing: FCA may use deed polls to ensure firms&#39; past liabilities met" src="https://www.professionaladviser.com/api/v1/wps/be71946/ff4e31d9-be09-456e-9bfb-c0217aed3fdc/9/iStock-1335846097-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) laid out the possible actions it may take against firms unable to meet their liabilities and accountable individuals seeking to phoenix to another firm in its latest Dear CEO letter. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/be71946/ff4e31d9-be09-456e-9bfb-c0217aed3fdc/9/iStock-1335846097-1-185x114.jpg https://www.professionaladviser.com/news/4061159/phoenixing-fca-deed-polls-ensure-firms-past-liabilities-met https://www.professionaladviser.com/news/4061159/phoenixing-fca-deed-polls-ensure-firms-past-liabilities-met https://www.professionaladviser.com/news/4061159/phoenixing-fca-deed-polls-ensure-firms-past-liabilities-met Mon, 5 Dec 2022 12:36:30 +0000 FCA slaps £2.4m fine on liquidated firm over British Steel failings <img alt="FCA slaps £2.4m fine on liquidated firm over British Steel failings" src="https://www.professionaladviser.com/api/v1/wps/2677abf/b53e98b2-6a3b-439e-8621-d5953b0dcff1/3/iStock-1391968938-185x114.jpg" /> <p><!--summary start--> Pembrokeshire Mortgage Centre has been handed a £2.4m fine for unsuitable transfer advice relating to a range of defined benefit (DB) schemes including the now-collapsed British Steel Pension Scheme (BSPS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/2677abf/b53e98b2-6a3b-439e-8621-d5953b0dcff1/3/iStock-1391968938-185x114.jpg https://www.professionaladviser.com/news/4061126/fca-slaps-gbp-fine-liquidated-firm-british-steel-failings https://www.professionaladviser.com/news/4061126/fca-slaps-gbp-fine-liquidated-firm-british-steel-failings https://www.professionaladviser.com/news/4061126/fca-slaps-gbp-fine-liquidated-firm-british-steel-failings Fri, 2 Dec 2022 12:11:54 +0000 Firm issued notices over British Steel advice loses complaint against FCA <img alt="Firm issued notices over British Steel advice loses complaint against FCA" src="https://www.professionaladviser.com/api/v1/wps/7ee5273/fa999eaf-ba78-4809-96c9-35de083ba9a8/6/iStock-1431183789-roi-2-185x114.jpg" /> <p><!--summary start--> An advice firm that was issued with supervisory notices relating to advice it issued around British Steel Pension Scheme (BSPS) transfers has failed to have its complaint against the Financial Conduct Authority (FCA) formally upheld. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/7ee5273/fa999eaf-ba78-4809-96c9-35de083ba9a8/6/iStock-1431183789-roi-2-185x114.jpg https://www.professionaladviser.com/news/4061124/firm-issued-notices-british-steel-advice-loses-complaint-fca https://www.professionaladviser.com/news/4061124/firm-issued-notices-british-steel-advice-loses-complaint-fca https://www.professionaladviser.com/news/4061124/firm-issued-notices-british-steel-advice-loses-complaint-fca Fri, 2 Dec 2022 12:08:36 +0000 Autumn Statement 22: Solvency II reform package outlined <img alt="Autumn Statement 22: Solvency II reform package outlined" src="https://www.professionaladviser.com/api/v1/wps/a87cd7a/76543523-2c04-4747-94a7-f3a8a14270bf/1/iStock-636817424-1-185x114.jpg" /> <p><!--summary start--> The government has set out its final reform package for the regulation of insurance companies in the UK following its consultation on the review of Solvency II. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/a87cd7a/76543523-2c04-4747-94a7-f3a8a14270bf/1/iStock-636817424-1-185x114.jpg https://www.professionaladviser.com/news/4060391/autumn-statement-22-solvency-ii-reform-package-outlined https://www.professionaladviser.com/news/4060391/autumn-statement-22-solvency-ii-reform-package-outlined https://www.professionaladviser.com/news/4060391/autumn-statement-22-solvency-ii-reform-package-outlined Thu, 17 Nov 2022 13:29:47 +0000 FOS to change funding model levy and trial new group fee arrangement <img alt="FOS to change funding model levy and trial new group fee arrangement" src="https://www.professionaladviser.com/api/v1/wps/63c282f/6c3f5c72-d6ad-40cf-a278-a819a4882f70/6/iStock-1144066909-roi-1-185x114.jpg" /> <p><!--summary start--> The Financial Ombudsman Service (FOS) is poised to radically overhaul its funding model for 2023/24 marking the biggest change since the model was established in 2000. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/63c282f/6c3f5c72-d6ad-40cf-a278-a819a4882f70/6/iStock-1144066909-roi-1-185x114.jpg https://www.professionaladviser.com/news/4060323/compulsory-jurisdiction-voluntary-jurisdiction-set-overhaul https://www.professionaladviser.com/news/4060323/compulsory-jurisdiction-voluntary-jurisdiction-set-overhaul https://www.professionaladviser.com/news/4060323/compulsory-jurisdiction-voluntary-jurisdiction-set-overhaul Wed, 16 Nov 2022 15:45:45 +0000 Consumer Duty: Four outcomes firms need to achieve for customers <img alt="Consumer Duty: Four outcomes firms need to achieve for customers" src="https://www.professionaladviser.com/api/v1/wps/bbbbcec/de965495-c035-4554-b504-62799d6940a7/1/iStock-1145332297-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/bbbbcec/de965495-c035-4554-b504-62799d6940a7/1/iStock-1145332297-185x114.jpg https://www.professionaladviser.com/opinion/4060198/consumer-duty-outcomes-firms-achieve-customers https://www.professionaladviser.com/opinion/4060198/consumer-duty-outcomes-firms-achieve-customers https://www.professionaladviser.com/opinion/4060198/consumer-duty-outcomes-firms-achieve-customers Tue, 15 Nov 2022 14:26:14 +0000 A whistle-stop tour of the Sustainability Disclosure Requirements <img alt="A whistle-stop tour of the Sustainability Disclosure Requirements" src="https://www.professionaladviser.com/api/v1/wps/cb54948/7de7de17-199f-49d5-b6bb-7ee8faeff060/1/SIC-panel-julia-dreblow-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority's (FCA) new Sustainability Disclosure Requirements (SDR) and investment labels consultation paper may be playing second fiddle to Consumer Duty in some quarters, Julia Dreblow says, but the regulator has made it clear that consumers are at the heart of the new anti-greenwash proposals and few issues could be more important than sustainability... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/cb54948/7de7de17-199f-49d5-b6bb-7ee8faeff060/1/SIC-panel-julia-dreblow-185x114.jpg https://www.professionaladviser.com/opinion/4059995/whistle-stop-tour-sustainability-disclosure-requirements https://www.professionaladviser.com/opinion/4059995/whistle-stop-tour-sustainability-disclosure-requirements https://www.professionaladviser.com/opinion/4059995/whistle-stop-tour-sustainability-disclosure-requirements Fri, 11 Nov 2022 07:56:02 +0000 A worthwhile expense? A look at the impact of SDR on the bottom line <img alt="A worthwhile expense? A look at the impact of SDR on the bottom line" src="https://www.professionaladviser.com/api/v1/wps/d2798a3/bffe7d10-a747-4838-9d28-f184e89f7505/2/iStock-1394849737-185x114.jpg" /> <p><!--summary start--> This week, a collective groan from the purse strings of compliance teams was heard across the UK as the Financial Conduct Authority (FCA) released its proposals for sustainability-related disclosures, Sian Barnett Wike says <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/d2798a3/bffe7d10-a747-4838-9d28-f184e89f7505/2/iStock-1394849737-185x114.jpg https://www.professionaladviser.com/opinion/4059171/worthwhile-expense-look-impact-sdr-line https://www.professionaladviser.com/opinion/4059171/worthwhile-expense-look-impact-sdr-line https://www.professionaladviser.com/opinion/4059171/worthwhile-expense-look-impact-sdr-line Mon, 31 Oct 2022 14:31:39 +0000 Sustainability Disclosure Requirements labels for investment unveiled <img alt="Sustainability Disclosure Requirements labels for investment unveiled " src="https://www.professionaladviser.com/api/v1/wps/2e1088d/720f911a-f8b8-4a2a-9dcb-ba08755e7e57/5/iStock-1384548170-roi-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has unveiled a raft of new measures to tackle greenwashing in its consultation on Sustainability Disclosure Requirements (SDR), including three categories of investment labels to be used for sustainable investment products. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/2e1088d/720f911a-f8b8-4a2a-9dcb-ba08755e7e57/5/iStock-1384548170-roi-1-185x114.jpg https://www.professionaladviser.com/news/4058738/sustainability-disclosure-requirements-labels-investment-unveiled https://www.professionaladviser.com/news/4058738/sustainability-disclosure-requirements-labels-investment-unveiled https://www.professionaladviser.com/news/4058738/sustainability-disclosure-requirements-labels-investment-unveiled Tue, 25 Oct 2022 07:50:40 +0000 FCA to conduct 'holistic review' of the advice and guidance boundary <img alt="FCA to conduct &#39;holistic review&#39; of the advice and guidance boundary" src="https://www.professionaladviser.com/api/v1/wps/a367b9c/8c91e54e-1314-47c1-9ef4-ca3d42fb6241/3/iStock-1341621051-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) plans to carry out a holistic review of the boundary between advice and guidance in a bid to better understand how to remove some of the burden of regulation, as stated in a speech today (27 September). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/a367b9c/8c91e54e-1314-47c1-9ef4-ca3d42fb6241/3/iStock-1341621051-185x114.jpg https://www.professionaladviser.com/news/4057017/fca-conduct-holistic-review-advice-guidance-boundary https://www.professionaladviser.com/news/4057017/fca-conduct-holistic-review-advice-guidance-boundary https://www.professionaladviser.com/news/4057017/fca-conduct-holistic-review-advice-guidance-boundary Tue, 27 Sep 2022 11:51:45 +0000 FCA gives three-month Consumer Duty extension for advisers <img alt="FCA gives three-month Consumer Duty extension for advisers" src="https://www.professionaladviser.com/api/v1/wps/e5a7864/0cdb3255-bc40-4a40-bfdd-4a3b09732ddb/11/sheldon-mills-hi-res-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) is allowing firms 12 months until 31 July 2023 to implement its new Consumer Duty rules for all new and existing products and services that are currently on sale. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e5a7864/0cdb3255-bc40-4a40-bfdd-4a3b09732ddb/11/sheldon-mills-hi-res-185x114.jpg https://www.professionaladviser.com/news/4053743/fca-consumer-duty-extension-advisers https://www.professionaladviser.com/news/4053743/fca-consumer-duty-extension-advisers https://www.professionaladviser.com/news/4053743/fca-consumer-duty-extension-advisers Wed, 27 Jul 2022 14:35:06 +0000 Industry Voice: Consumer Duty will drive cultural shift <img alt="Industry Voice: Consumer Duty will drive cultural shift" src="https://www.professionaladviser.com/api/v1/wps/d37179c/4140f888-1613-4c39-bfb1-16bdb0082d54/5/200909-Royal-London-Shot-32-4402-F2-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/d37179c/4140f888-1613-4c39-bfb1-16bdb0082d54/5/200909-Royal-London-Shot-32-4402-F2-185x114.jpg https://www.professionaladviser.com/sponsored/4053386/royal-london-pa-consumer-duty-drive-cultural-shift https://www.professionaladviser.com/sponsored/4053386/royal-london-pa-consumer-duty-drive-cultural-shift https://www.professionaladviser.com/sponsored/4053386/royal-london-pa-consumer-duty-drive-cultural-shift Thu, 21 Jul 2022 13:36:24 +0000 Brexit 'Big Bang' set to spark Bank of England conflict - reports <img alt="Brexit &#39;Big Bang&#39; set to spark Bank of England conflict - reports" src="https://www.professionaladviser.com/api/v1/wps/e874cee/29f1b026-0ef3-42a2-8e04-d154a1d470c8/11/andrew-bailey-new-2016-185x114.jpeg" /> <p><!--summary start--> Government plans to deregulate the financial sector are set to spark a battle between politicians and the Bank of England. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e874cee/29f1b026-0ef3-42a2-8e04-d154a1d470c8/11/andrew-bailey-new-2016-185x114.jpeg https://www.professionaladviser.com/news/4053220/brexit-big-bang-set-spark-bank-england-conflict-reports https://www.professionaladviser.com/news/4053220/brexit-big-bang-set-spark-bank-england-conflict-reports https://www.professionaladviser.com/news/4053220/brexit-big-bang-set-spark-bank-england-conflict-reports Mon, 18 Jul 2022 07:38:10 +0000 PFS pushes for rethink of FCA's £71.2m British Steel compensation scheme <img alt="PFS pushes for rethink of FCA&#39;s £71.2m British Steel compensation scheme" src="https://www.professionaladviser.com/api/v1/wps/ea842a9/58c0266f-491d-4678-8b5a-fb7cfe7b6cc6/4/iStock-116008474-185x114.jpg" /> <p><!--summary start--> The Personal Finance Society (PFS) wants the Financial Conduct Authority (FCA) to reconsider its plans for assessing the amount of compensation owed to British Steel Pension Scheme (BSPS) members, calling its suitability into question. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ea842a9/58c0266f-491d-4678-8b5a-fb7cfe7b6cc6/4/iStock-116008474-185x114.jpg https://www.professionaladviser.com/news/4051934/pfs-pushes-rethink-fcas-gbp71-british-steel-compensation-scheme https://www.professionaladviser.com/news/4051934/pfs-pushes-rethink-fcas-gbp71-british-steel-compensation-scheme https://www.professionaladviser.com/news/4051934/pfs-pushes-rethink-fcas-gbp71-british-steel-compensation-scheme Tue, 28 Jun 2022 09:17:13 +0000 Industry Voice: The Consumer Duty - are you investing in fair value? <img alt="Industry Voice: The Consumer Duty - are you investing in fair value?" src="https://www.professionaladviser.com/api/v1/wps/cdca880/b54ed410-19b2-4df4-bf1a-5d8d0f39e49b/3/CR-RL-11633951-1221-COMMUNITY-coffeeshop-GradedClientSelect-12-1-185x114.jpg" /> <p><!--summary start--> The new Consumer Duty is being described as the biggest regulatory overhaul since the introduction of the Retail Distribution Review (RDR) in 2012. As the regulatory screw continues to be tightened around client outcomes, how can advice firms make sure their investment propositions and advice processes stand up to increased scrutiny? <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/cdca880/b54ed410-19b2-4df4-bf1a-5d8d0f39e49b/3/CR-RL-11633951-1221-COMMUNITY-coffeeshop-GradedClientSelect-12-1-185x114.jpg https://www.professionaladviser.com/sponsored/4050497/royal-london-pa-consumer-duty-investing-fair-value https://www.professionaladviser.com/sponsored/4050497/royal-london-pa-consumer-duty-investing-fair-value https://www.professionaladviser.com/sponsored/4050497/royal-london-pa-consumer-duty-investing-fair-value Mon, 6 Jun 2022 05:17:36 +0000 Ukraine crisis panel: Investment experts respond to key questions <img alt="Ukraine crisis panel: Investment experts respond to key questions" src="https://www.professionaladviser.com/api/v1/wps/09fae0f/dc819ea0-5f36-4658-b735-402a5703d11d/10/Ukraine-video-185x114.jpg" /> <p><!--summary start--> As we say at the start of this broadcast, a humanitarian crisis is unfolding in Ukraine and our thoughts are very much with the people there at this very frightening time. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/09fae0f/dc819ea0-5f36-4658-b735-402a5703d11d/10/Ukraine-video-185x114.jpg https://www.professionaladviser.com/discussion/4046316/ukraine-crisis-panel-investment-experts-respond-key-questions https://www.professionaladviser.com/discussion/4046316/ukraine-crisis-panel-investment-experts-respond-key-questions https://www.professionaladviser.com/discussion/4046316/ukraine-crisis-panel-investment-experts-respond-key-questions Thu, 10 Mar 2022 15:10:27 +0000 Treasury Committee presses FCA to conclude Woodford investigation <img alt="Treasury Committee presses FCA to conclude Woodford investigation" src="https://www.professionaladviser.com/api/v1/wps/679afc3/3ae1984b-1880-4cc7-ad60-c0f963ba142d/10/woodford-neil-new-185x114.png" /> <p><!--summary start--> Chair of the Treasury Committee Mel Stride has called on the Financial Conduct Authority to bring its investigation of the collapsed Woodford Equity Income fund to a conclusion. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/679afc3/3ae1984b-1880-4cc7-ad60-c0f963ba142d/10/woodford-neil-new-185x114.png https://www.professionaladviser.com/news/4042982/treasury-committee-presses-fca-conclude-woodford-investigation https://www.professionaladviser.com/news/4042982/treasury-committee-presses-fca-conclude-woodford-investigation https://www.professionaladviser.com/news/4042982/treasury-committee-presses-fca-conclude-woodford-investigation Mon, 10 Jan 2022 11:35:38 +0000 FCA bans adviser after 'understating' income in tax returns <img alt="FCA bans adviser after &#39;understating&#39; income in tax returns " src="https://www.professionaladviser.com/api/v1/wps/c8bdd4b/15540ab5-657e-45e8-aa68-8e12dc3b62d4/5/fca-2018-regulation-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has banned one-man-band independent financial adviser Anthony George from performing any regulated activity in the financial services industry. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c8bdd4b/15540ab5-657e-45e8-aa68-8e12dc3b62d4/5/fca-2018-regulation-3-185x114.jpg https://www.professionaladviser.com/news/4037728/fca-bans-adviser-understating-income-tax-returns https://www.professionaladviser.com/news/4037728/fca-bans-adviser-understating-income-tax-returns https://www.professionaladviser.com/news/4037728/fca-bans-adviser-understating-income-tax-returns Mon, 27 Sep 2021 11:50:31 +0000 Chasing Chartered status: Is the long process worth it for adviser firms? <img alt="Chasing Chartered status: Is the long process worth it for adviser firms? " src="https://www.professionaladviser.com/api/v1/wps/db4ba5b/cdf92bf3-3aad-4add-be51-8204d6e3b158/8/Chartered-stamp-185x114.jpg" /> <p><!--summary start--> Many firms see Chartered status as a badge of professionalism, but the process can be lengthy and expensive, with timeframes running into the years for some firms and costing thousands. So, asks Hannah Godfrey, is the Chartered financial planner firm status worth the hard graft? <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/db4ba5b/cdf92bf3-3aad-4add-be51-8204d6e3b158/8/Chartered-stamp-185x114.jpg https://www.professionaladviser.com/feature/4036740/chasing-chartered-status-long-process-worth-adviser-firms https://www.professionaladviser.com/feature/4036740/chasing-chartered-status-long-process-worth-adviser-firms https://www.professionaladviser.com/feature/4036740/chasing-chartered-status-long-process-worth-adviser-firms Wed, 8 Sep 2021 11:56:45 +0000 FCA value assessment review: An 'uncomfortable read' but unsurprising <p><!--summary start--> The Financial Conduct Authority’s (FCA) recent review of fund managers’ Assessment of Value (AoV) reports makes for “pretty damning” reading and marks a “huge blow” to firms, although the findings are unsurprising to some industry commentators. <!--summary end--></p> https://www.professionaladviser.com/news/4034106/fca-value-assessment-review-uncomfortable-read-unsurprising https://www.professionaladviser.com/news/4034106/fca-value-assessment-review-uncomfortable-read-unsurprising Wed, 7 Jul 2021 11:26:49 +0000