Professional Adviser www.professionaladviser.com Scottish advice firm Crosbie Carr Morris declared failed <img alt="Scottish advice firm Crosbie Carr Morris declared failed " src="https://www.professionaladviser.com/api/v1/wps/4f10a57/cf0bfd99-9b8a-4f6c-8413-bb98f095aa5e/1/iStock-1221242791-185x114.jpg" /> <p><!--summary start--> An advice firm in Musselburgh has been declared in default by the Financial Services Compensation Scheme (FSCS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/4f10a57/cf0bfd99-9b8a-4f6c-8413-bb98f095aa5e/1/iStock-1221242791-185x114.jpg https://www.professionaladviser.com/news/4125733/scottish-advice-firm-crosbie-carr-morris-declared-failed https://www.professionaladviser.com/news/4125733/scottish-advice-firm-crosbie-carr-morris-declared-failed https://www.professionaladviser.com/news/4125733/scottish-advice-firm-crosbie-carr-morris-declared-failed Fri, 15 Sep 2023 07:21:10 +0000 FSCS declares advice firm in Oxford and firm in London in default <img alt="FSCS declares advice firm in Oxford and firm in London in default" src="https://www.professionaladviser.com/api/v1/wps/0a496fb/01cd27d2-9e50-4ab3-92fa-96ed6a0ea8ce/6/iStock-1445702264-185x114.jpg" /> <p><!--summary start--> Oxfordshire advice firm Focus Oxford and Greater London-based adviser Leslie & Swallow have both been declared in default by the Financial Services Compensation Scheme. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0a496fb/01cd27d2-9e50-4ab3-92fa-96ed6a0ea8ce/6/iStock-1445702264-185x114.jpg https://www.professionaladviser.com/news/4125728/fscs-declares-advice-firm-oxford-firm-london-default https://www.professionaladviser.com/news/4125728/fscs-declares-advice-firm-oxford-firm-london-default https://www.professionaladviser.com/news/4125728/fscs-declares-advice-firm-oxford-firm-london-default Fri, 15 Sep 2023 07:19:02 +0000 Complaint about FCA's 'significant' DB transfer market mess unresolved <img alt="Complaint about FCA&#39;s &#39;significant&#39; DB transfer market mess unresolved" src="https://www.professionaladviser.com/api/v1/wps/984a8c2/b05c5d07-7f00-4af6-8255-e012719bd06b/4/iStock-172224432-185x114.jpg" /> <p><!--summary start--> An individual who raised concerns around the Financial Conduct Authority’s (FCA) approach to defined benefit (DB) pension transfers has had their complaint thrown out by both the regulator and the Complaints Commissioner. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/984a8c2/b05c5d07-7f00-4af6-8255-e012719bd06b/4/iStock-172224432-185x114.jpg https://www.professionaladviser.com/news/4118249/complaint-about-fcas-significant-db-transfer-market-mess-unresolved https://www.professionaladviser.com/news/4118249/complaint-about-fcas-significant-db-transfer-market-mess-unresolved https://www.professionaladviser.com/news/4118249/complaint-about-fcas-significant-db-transfer-market-mess-unresolved Mon, 19 Jun 2023 07:12:41 +0000 FCA, FSCS and others praise British Steel work carried out by regulators <img alt="FCA, FSCS and others praise British Steel work carried out by regulators" src="https://www.professionaladviser.com/api/v1/wps/5859f78/46f46bcc-aa36-4b23-838d-51285f7116cb/6/iStock-1091379948-185x114.jpg" /> <p><!--summary start--> A group of the UK’s regulators including the Financial Conduct Authority (FCA) say they are “proud” of the cross-regulatory work carried out on handling the members of the former British Steel Pension Scheme (BSPS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/5859f78/46f46bcc-aa36-4b23-838d-51285f7116cb/6/iStock-1091379948-185x114.jpg https://www.professionaladviser.com/news/4112399/fca-fscs-praise-british-steel-carried-regulators https://www.professionaladviser.com/news/4112399/fca-fscs-praise-british-steel-carried-regulators https://www.professionaladviser.com/news/4112399/fca-fscs-praise-british-steel-carried-regulators Wed, 19 Apr 2023 11:00:48 +0000 Advice and pension 'empowerment' vital for over 50s push into work <img alt="Advice and pension &#39;empowerment&#39; vital for over 50s push into work" src="https://www.professionaladviser.com/api/v1/wps/e91f6d4/7e8281fe-6856-440e-b007-dd57035ea1bc/6/Spring-Budget-2023-red-book-CC-185x114.jpg" /> <p><!--summary start--> The lack of initiatives to increase pension engagement or provide financial advice places over 50’s in a dangerous position as the government ploughs on with its initiative to encourage them back to the workplace, My Pension Expert says. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e91f6d4/7e8281fe-6856-440e-b007-dd57035ea1bc/6/Spring-Budget-2023-red-book-CC-185x114.jpg https://www.professionaladviser.com/news/4112196/advice-pension-empowerment-vital-50s-push https://www.professionaladviser.com/news/4112196/advice-pension-empowerment-vital-50s-push https://www.professionaladviser.com/news/4112196/advice-pension-empowerment-vital-50s-push Mon, 17 Apr 2023 07:07:58 +0000 FCA slaps restrictions on Hampshire adviser who failed to follow warning <img alt="FCA slaps restrictions on Hampshire adviser who failed to follow warning" src="https://www.professionaladviser.com/api/v1/wps/ca5a027/07716c00-8e52-46fd-9187-dd77618b89a2/2/iStock-1325729981-185x114.jpg" /> <p><!--summary start--> The senior manager of Hampshire advice firm Campbell & Associates Independent Financial Advice has had restrictions imposed on her today (4 April) by the Financial Conduct Authority (FCA). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ca5a027/07716c00-8e52-46fd-9187-dd77618b89a2/2/iStock-1325729981-185x114.jpg https://www.professionaladviser.com/news/4111609/fca-slaps-restrictions-hampshire-adviser-failed-follow-warning https://www.professionaladviser.com/news/4111609/fca-slaps-restrictions-hampshire-adviser-failed-follow-warning https://www.professionaladviser.com/news/4111609/fca-slaps-restrictions-hampshire-adviser-failed-follow-warning Tue, 4 Apr 2023 14:02:21 +0000 Inquiry to review defined benefit schemes opened by WPC <img alt="Inquiry to review defined benefit schemes opened by WPC" src="https://www.professionaladviser.com/api/v1/wps/6a9933e/50e70dd6-64f1-4772-9dc0-49f615851b99/3/iStock-957174246-580-358-185x114.jpg" /> <p><!--summary start--> The Work and Pensions Committee (WPC) has launched an inquiry to review defined benefit (DB) schemes. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/6a9933e/50e70dd6-64f1-4772-9dc0-49f615851b99/3/iStock-957174246-580-358-185x114.jpg https://www.professionaladviser.com/news/4080664/inquiry-review-defined-benefit-schemes-wpc https://www.professionaladviser.com/news/4080664/inquiry-review-defined-benefit-schemes-wpc https://www.professionaladviser.com/news/4080664/inquiry-review-defined-benefit-schemes-wpc Fri, 17 Mar 2023 07:50:17 +0000 Cardiff firm The London Trading Company declared in default <img alt="Cardiff firm The London Trading Company declared in default" src="https://www.professionaladviser.com/api/v1/wps/17ce0f9/970bfc3e-9750-47f4-ae39-b96491adf448/1/iStock-165487475-185x114.jpg" /> <p><!--summary start--> A Cardiff-based advice firm with three different trading names has been declared in default by the Financial Services Compensation Scheme (FSCS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/17ce0f9/970bfc3e-9750-47f4-ae39-b96491adf448/1/iStock-165487475-185x114.jpg https://www.professionaladviser.com/news/4077391/cardiff-firm-london-trading-company-declared-default https://www.professionaladviser.com/news/4077391/cardiff-firm-london-trading-company-declared-default https://www.professionaladviser.com/news/4077391/cardiff-firm-london-trading-company-declared-default Mon, 13 Mar 2023 08:00:55 +0000 FCA called to focus on guidance as it impacts more people <img alt="FCA called to focus on guidance as it impacts more people" src="https://www.professionaladviser.com/api/v1/wps/0e48661/e2bd9bfb-f7a8-4953-b52c-273c78a76a76/5/iStock-1347246139-roi-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) should focus its efforts on guidance, according to AJ Bell. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0e48661/e2bd9bfb-f7a8-4953-b52c-273c78a76a76/5/iStock-1347246139-roi-1-185x114.jpg https://www.professionaladviser.com/news/4076761/fca-called-focus-guidance-impacts-people https://www.professionaladviser.com/news/4076761/fca-called-focus-guidance-impacts-people https://www.professionaladviser.com/news/4076761/fca-called-focus-guidance-impacts-people Tue, 28 Feb 2023 15:30:10 +0000 Advisers renounce idea for simplified 'core advice' service <img alt="Advisers renounce idea for simplified &#39;core advice&#39; service" src="https://www.professionaladviser.com/api/v1/wps/6a4094b/2cf97512-7e05-4ab3-ab2a-059641841f51/8/Tom-Selby-185x114.jpg" /> <p><!--summary start--> Almost all (93%) advisers say they would not look to offer a stripped back or ‘core advice’ offering that would give people access to a simplified alternative of their services, research shows. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/6a4094b/2cf97512-7e05-4ab3-ab2a-059641841f51/8/Tom-Selby-185x114.jpg https://www.professionaladviser.com/news/4076734/advisers-renounce-idea-simplified-‘core-advice-service https://www.professionaladviser.com/news/4076734/advisers-renounce-idea-simplified-‘core-advice-service https://www.professionaladviser.com/news/4076734/advisers-renounce-idea-simplified-‘core-advice-service Tue, 28 Feb 2023 12:16:44 +0000 Leeds advice firm with multiple names declared in default by the FSCS <img alt="Leeds advice firm with multiple names declared in default by the FSCS" src="https://www.professionaladviser.com/api/v1/wps/223c846/23561488-b53b-443a-82cb-d6db7b622c50/5/iStock-1296021867-185x114.jpg" /> <p><!--summary start--> Leeds-based advice firm WGL Altrincham has been declared in default by the Financial Services Compensation Scheme (FSCS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/223c846/23561488-b53b-443a-82cb-d6db7b622c50/5/iStock-1296021867-185x114.jpg https://www.professionaladviser.com/news/4076423/leeds-advice-firm-multiple-names-declared-default-fscs https://www.professionaladviser.com/news/4076423/leeds-advice-firm-multiple-names-declared-default-fscs https://www.professionaladviser.com/news/4076423/leeds-advice-firm-multiple-names-declared-default-fscs Tue, 21 Feb 2023 15:39:55 +0000 FCA outlines post-Brexit plans for UK asset management sector <img alt="FCA outlines post-Brexit plans for UK asset management sector" src="https://www.professionaladviser.com/api/v1/wps/871ce2f/7cc4c374-9fd1-4db6-80ed-c4de0b6c931b/2/iStock-816769618-185x114.jpg" /> <p><!--summary start--> Advisers are being called to give their views on a discussion paper in which the Financial Conduct Authority (FCA) lays out ideas on potential changes in the regulatory framework of the UK's £11trn asset management sector. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/871ce2f/7cc4c374-9fd1-4db6-80ed-c4de0b6c931b/2/iStock-816769618-185x114.jpg https://www.professionaladviser.com/news/4075562/fca-outlines-post-brexit-plans-uk-asset-management-sector https://www.professionaladviser.com/news/4075562/fca-outlines-post-brexit-plans-uk-asset-management-sector https://www.professionaladviser.com/news/4075562/fca-outlines-post-brexit-plans-uk-asset-management-sector Mon, 20 Feb 2023 15:12:17 +0000 H&F Financial declared in default over three pension transfer claims <img alt="H&amp;F Financial declared in default over three pension transfer claims" src="https://www.professionaladviser.com/api/v1/wps/c42b33c/71ecdac9-9110-4347-b053-b9b7e55ad176/2/iStock-1255743031-185x114.jpg" /> <p><!--summary start--> Kent-based H&F Financial has been declared in default by the Financial Services Compensation Scheme (FSCS) over three claims made against it. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c42b33c/71ecdac9-9110-4347-b053-b9b7e55ad176/2/iStock-1255743031-185x114.jpg https://www.professionaladviser.com/news/4074326/financial-declared-default-pension-transfer-claims https://www.professionaladviser.com/news/4074326/financial-declared-default-pension-transfer-claims https://www.professionaladviser.com/news/4074326/financial-declared-default-pension-transfer-claims Mon, 13 Feb 2023 10:44:00 +0000 More firms found to be misleading British Steel victims over redress <img alt="More firms found to be misleading British Steel victims over redress" src="https://www.professionaladviser.com/api/v1/wps/2ba07e2/7791c1c0-d51f-46f9-bb48-329e64837378/1/iStock-1386743766-185x114.jpg" /> <p><!--summary start--> Several advice firms within the action group that has mounted a legal challenge against the Financial Conduct Authority’s (FCA) British Steel redress scheme have been found to have engaged in misconduct. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/2ba07e2/7791c1c0-d51f-46f9-bb48-329e64837378/1/iStock-1386743766-185x114.jpg https://www.professionaladviser.com/news/4074057/firms-misleading-british-steel-victims-redress https://www.professionaladviser.com/news/4074057/firms-misleading-british-steel-victims-redress https://www.professionaladviser.com/news/4074057/firms-misleading-british-steel-victims-redress Tue, 7 Feb 2023 11:39:34 +0000 FCA starts proceedings against five over dealing and money laundering <img alt="FCA starts proceedings against five over dealing and money laundering" src="https://www.professionaladviser.com/api/v1/wps/7c4682e/4029c90b-c802-4179-9995-9829e86a3502/3/iStock-516493712-185x114.jpg" /> <p><!--summary start--> Criminal proceedings have begun against a group of five men the Financial Conduct Authority (FCA) allege conspired to commit insider dealing between 2019 and 2021. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/7c4682e/4029c90b-c802-4179-9995-9829e86a3502/3/iStock-516493712-185x114.jpg https://www.professionaladviser.com/news/4066125/fca-starts-proceedings-dealing-money-laundering https://www.professionaladviser.com/news/4066125/fca-starts-proceedings-dealing-money-laundering https://www.professionaladviser.com/news/4066125/fca-starts-proceedings-dealing-money-laundering Thu, 26 Jan 2023 07:48:53 +0000 Financial sector rules slacked by growth-seeking government <img alt="Financial sector rules slacked by growth-seeking government" src="https://www.professionaladviser.com/api/v1/wps/e42fa64/f2ba22bb-0211-438f-a52d-bc3ac28937c6/1/Jeremy-Hunt-22-185x114.jpg" /> <p><!--summary start--> The government has announced a package of reforms of the financial sector in a bid to spur growth in the UK economy. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e42fa64/f2ba22bb-0211-438f-a52d-bc3ac28937c6/1/Jeremy-Hunt-22-185x114.jpg https://www.professionaladviser.com/news/4061445/financial-sector-rules-slacked-growth-seeking-government https://www.professionaladviser.com/news/4061445/financial-sector-rules-slacked-growth-seeking-government https://www.professionaladviser.com/news/4061445/financial-sector-rules-slacked-growth-seeking-government Mon, 23 Jan 2023 12:34:40 +0000 Ashley Alder confirmed as FCA chair after Treasury Committee approval <img alt="Ashley Alder confirmed as FCA chair after Treasury Committee approval" src="https://www.professionaladviser.com/api/v1/wps/03be5af/8165ddad-acdd-4d56-86f6-6938927f8c1e/2/iStock-176983989-185x114.jpg" /> <p><!--summary start--> The Treasury Committee has published its report confirming its approval for the appointment of Ashley Alder as the next chair of the Financial Conduct Authority (FCA). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/03be5af/8165ddad-acdd-4d56-86f6-6938927f8c1e/2/iStock-176983989-185x114.jpg https://www.professionaladviser.com/news/4061706/ashley-alder-confirmed-fca-chair-treasury-committee-approval https://www.professionaladviser.com/news/4061706/ashley-alder-confirmed-fca-chair-treasury-committee-approval https://www.professionaladviser.com/news/4061706/ashley-alder-confirmed-fca-chair-treasury-committee-approval Thu, 15 Dec 2022 10:29:42 +0000 FSCS declares another advice firm in default over pension transfers <img alt="FSCS declares another advice firm in default over pension transfers" src="https://www.professionaladviser.com/api/v1/wps/45044a5/2c4ab06e-cc16-4a76-ae0d-6fd11219865b/1/iStock-1345443906-185x114.jpg" /> <p><!--summary start--> Premier Wealth Management Harrogate has been declared in default by the Financial Services Compensation Scheme (FSCS) following two claims filed against it relating to pension transfer advice. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/45044a5/2c4ab06e-cc16-4a76-ae0d-6fd11219865b/1/iStock-1345443906-185x114.jpg https://www.professionaladviser.com/news/4061638/fscs-declares-advice-firm-default-pension-transfers https://www.professionaladviser.com/news/4061638/fscs-declares-advice-firm-default-pension-transfers https://www.professionaladviser.com/news/4061638/fscs-declares-advice-firm-default-pension-transfers Wed, 14 Dec 2022 12:23:45 +0000 Government to repeal EU PRIIPs regulation on retail fund disclosures <img alt="Government to repeal EU PRIIPs regulation on retail fund disclosures" src="https://www.professionaladviser.com/api/v1/wps/0a76210/7b0c0a46-95a7-452e-a725-e447eea919ac/0/iStock-504011354-185x114.jpg" /> <p><!--summary start--> The UK government is set to repeal the European Union's (EU) packaged retail and insurance-based investment products (PRIIPs) regulation as a “matter of priority”. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0a76210/7b0c0a46-95a7-452e-a725-e447eea919ac/0/iStock-504011354-185x114.jpg https://www.professionaladviser.com/news/4061464/government-repeal-eu-priips-regulation-retail-fund-disclosures https://www.professionaladviser.com/news/4061464/government-repeal-eu-priips-regulation-retail-fund-disclosures https://www.professionaladviser.com/news/4061464/government-repeal-eu-priips-regulation-retail-fund-disclosures Fri, 9 Dec 2022 12:26:28 +0000 IFAs clock vital estate planning changes under Consumer Duty <img alt="IFAs clock vital estate planning changes under Consumer Duty" src="https://www.professionaladviser.com/api/v1/wps/5898ade/162cf9e9-5965-4ea9-82d3-6f8bbd0bd601/2/iStock-1330300212-185x114.jpg" /> <p><!--summary start--> There is a pressing need for estate planning solutions to evolve in line with new expectations for how clients are fairly treated under Consumer Duty, Ingenious finds. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/5898ade/162cf9e9-5965-4ea9-82d3-6f8bbd0bd601/2/iStock-1330300212-185x114.jpg https://www.professionaladviser.com/news/4061267/ifas-clock-vital-estate-planning-changes-consumer-duty https://www.professionaladviser.com/news/4061267/ifas-clock-vital-estate-planning-changes-consumer-duty https://www.professionaladviser.com/news/4061267/ifas-clock-vital-estate-planning-changes-consumer-duty Tue, 6 Dec 2022 12:02:09 +0000 FCA staff vote to strike over pay <img alt="FCA staff vote to strike over pay" src="https://www.professionaladviser.com/api/v1/wps/bef5a15/ad9f9f08-314f-45f5-8819-f4aa4bf4c411/5/Strike-185x114.jpg" /> <p><!--summary start--> Unite, the union representing staff at the Financial Conduct Authority (FCA), has revealed FCA staff have voted to support industrial action. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/bef5a15/ad9f9f08-314f-45f5-8819-f4aa4bf4c411/5/Strike-185x114.jpg https://www.professionaladviser.com/news/4048205/fca-staff-vote-strike-pay https://www.professionaladviser.com/news/4048205/fca-staff-vote-strike-pay https://www.professionaladviser.com/news/4048205/fca-staff-vote-strike-pay Tue, 12 Apr 2022 15:07:50 +0000 FCA warns social media giants over 'dodgy' investment adverts <img alt="FCA warns social media giants over &#39;dodgy&#39; investment adverts" src="https://www.professionaladviser.com/api/v1/wps/b3395e7/00e9b2fc-0672-4007-9913-37b6f60b452b/4/fca-reception-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) is negotiating with social media companies about their approach to adverts linked to what it called “dodgy investments”. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/b3395e7/00e9b2fc-0672-4007-9913-37b6f60b452b/4/fca-reception-3-185x114.jpg https://www.professionaladviser.com/news/4037823/fca-warns-social-media-giants-dodgy-investment-adverts https://www.professionaladviser.com/news/4037823/fca-warns-social-media-giants-dodgy-investment-adverts https://www.professionaladviser.com/news/4037823/fca-warns-social-media-giants-dodgy-investment-adverts Tue, 28 Sep 2021 16:46:22 +0000 Scam complaints rise 66% amid cryptocurrency fraud - FOS <img alt="Scam complaints rise 66% amid cryptocurrency fraud - FOS" src="https://www.professionaladviser.com/api/v1/wps/de3fae0/98a84a94-3705-4857-b244-e588c2dcf491/12/Crypto-185x114.jpg" /> <p><!--summary start--> The number of people affected by fraud and scams rose by 66% in the first quarter of the 2021/22 financial year, with 5,025 cases compared with 3,028 in the same period the previous year, according to statistics from the Financial Ombudsman Service (FOS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/de3fae0/98a84a94-3705-4857-b244-e588c2dcf491/12/Crypto-185x114.jpg https://www.professionaladviser.com/news/4037563/scam-complaints-rise-66-amid-cryptocurrency-fraud-fos https://www.professionaladviser.com/news/4037563/scam-complaints-rise-66-amid-cryptocurrency-fraud-fos https://www.professionaladviser.com/news/4037563/scam-complaints-rise-66-amid-cryptocurrency-fraud-fos Fri, 24 Sep 2021 07:26:26 +0000 Andy Bell writes to new FCA chief over 'wrecking ball' investment pathways policy <p><!--summary start--> AJ Bell founder Andy Bell has written to new FCA chief executive Nikhil Rathi, arguing the implementation of ‘investment pathways’ will be dangerous for drawdown consumers. <!--summary end--></p> https://www.professionaladviser.com/news/4021597/andy-bell-writes-fca-chief-wrecking-ball-investment-pathways-policy https://www.professionaladviser.com/news/4021597/andy-bell-writes-fca-chief-wrecking-ball-investment-pathways-policy Tue, 13 Oct 2020 09:25:26 +0000 Independent report into FCA's regulation of LCF faces further delay <p><!--summary start--> An independent investigation into the Financial Conduct Authority’s (FCA) regulation of failed mini bond firm London Capital and Finance (LCF) will be delayed until late November, marking the report’s second delay. <!--summary end--></p> https://www.professionaladviser.com/news/4019351/independent-report-fca-regulation-lcf-delay https://www.professionaladviser.com/news/4019351/independent-report-fca-regulation-lcf-delay Tue, 25 Aug 2020 10:37:10 +0000 FCA's proposed redemption notice period could 'kill off' adviser use of property funds <p><!--summary start--> The lang cat consulting director Mike Barrett has said the Financial Conduct Authority’s (FCA) suggestion of a 180-day period for property fund redemptions is “nuclear”. <!--summary end--></p> https://www.professionaladviser.com/news/4018558/fca-proposed-redemption-notice-period-kill-adviser-property-funds https://www.professionaladviser.com/news/4018558/fca-proposed-redemption-notice-period-kill-adviser-property-funds Mon, 3 Aug 2020 15:29:04 +0000 Small adviser firms paying disproportionately high PI premiums - FCA data <p><!--summary start--> Smaller financial adviser firms paid in excess of three times more in professional indemnity insurance (PII) premiums as a percentage of regulated revenue than their larger counterparts in 2019, the latest data from the Financial Conduct Authority (FCA) has revealed. <!--summary end--></p> https://www.professionaladviser.com/news/4018156/small-adviser-firms-paying-disproportionately-pi-premiums-fca https://www.professionaladviser.com/news/4018156/small-adviser-firms-paying-disproportionately-pi-premiums-fca Thu, 23 Jul 2020 10:12:38 +0000 FCA consults on extending Directory information submission timeframe <p><!--summary start--> The Financial Conduct Authority (FCA) is consulting on making changes to its rules following the extension to the deadline by which FCA solo-regulated firms need to have implemented the certification regime. <!--summary end--></p> https://www.professionaladviser.com/news/4017937/fca-consults-extending-directory-information-submission-timeframe https://www.professionaladviser.com/news/4017937/fca-consults-extending-directory-information-submission-timeframe Fri, 17 Jul 2020 10:50:35 +0000 FCA and City Corporation collaborate to help innovative firms tackling Covid-19 challenges <p><!--summary start--> The Financial Conduct Authority (FCA) and the City of London Corporation will collaborate on the pilot of a ‘digital sandbox’ to support innovative firms tackling challenges caused by the coronavirus pandemic. <!--summary end--></p> https://www.professionaladviser.com/news/4017921/fca-city-corporation-collaborate-help-innovative-firms-tackling-covid-19-challenges https://www.professionaladviser.com/news/4017921/fca-city-corporation-collaborate-help-innovative-firms-tackling-covid-19-challenges Fri, 17 Jul 2020 07:18:51 +0000 FCA delays SM&CR rules on coronavirus disruption <p><!--summary start--> Business disruption caused by the coronavirus pandemic has forced the Financial Conduct Authority (FCA) to delay the introduction of the Senior Managers & Certification Regime (SM&CR) to solo-regulated firms. <!--summary end--></p> https://www.professionaladviser.com/news/4017228/fca-delays-sm-rules-coronavirus-disruption https://www.professionaladviser.com/news/4017228/fca-delays-sm-rules-coronavirus-disruption Wed, 1 Jul 2020 11:14:55 +0000 FCA to send second in-depth marketwide DB questionnaire imminently <p><!--summary start--> The Financial Conduct Authority (FCA) will send a second marketwide in-depth questionnaire on defined benefit (DB) transfers to firms later this week, Professional Adviser can reveal. <!--summary end--></p> https://www.professionaladviser.com/news/4017115/fca-send-depth-marketwide-db-questionnaire-imminently https://www.professionaladviser.com/news/4017115/fca-send-depth-marketwide-db-questionnaire-imminently Mon, 29 Jun 2020 15:04:56 +0000 FCA launches workplace pensions value for money consultation <p><!--summary start--> The Financial Conduct Authority (FCA) will bring forward proposals designed to promote value for money for workplace pension schemes members, a consultation paper says. <!--summary end--></p> https://www.professionaladviser.com/news/4016923/fca-launches-workplace-pensions-value-money-consultation https://www.professionaladviser.com/news/4016923/fca-launches-workplace-pensions-value-money-consultation Wed, 24 Jun 2020 11:41:28 +0000 FCA permanently bans marketing of mini-bonds <p><!--summary start--> The Financial Conduct Authority (FCA) has permanently banned the mass-marketing of high-risk mini-bonds to retail investors. <!--summary end--></p> https://www.professionaladviser.com/news/4016667/fca-permanently-bans-marketing-mini-bonds https://www.professionaladviser.com/news/4016667/fca-permanently-bans-marketing-mini-bonds Thu, 18 Jun 2020 09:45:12 +0000 FCA sounds alarm on equity release advice <p><!--summary start--> The Financial Conduct Authority (FCA) has warned of adviser failings when it comes to advising on equity release. <!--summary end--></p> https://www.professionaladviser.com/news/4016626/fca-sounds-alarm-equity-release-advice https://www.professionaladviser.com/news/4016626/fca-sounds-alarm-equity-release-advice Wed, 17 Jun 2020 10:56:20 +0000 More than 700 adviser firms gave up pension transfer permissions during FCA probe <p><!--summary start--> More than 700 adviser firms adviser firms have relinquished defined benefit (DB) transfer permissions during the regulator’s probe into the market. <!--summary end--></p> https://www.professionaladviser.com/news/4016122/700-adviser-firms-pension-transfer-permissions-fca-probe https://www.professionaladviser.com/news/4016122/700-adviser-firms-pension-transfer-permissions-fca-probe Fri, 5 Jun 2020 06:36:36 +0000 Adviser furlough scheme useage to be probed in mandatory FCA Covid-19 survey <p><!--summary start--> The Financial Conduct Authority (FCA) will probe financial advisers on the impact of Covid-19 on their businesses and where the greatest impacts are for consumers, according to B-Compliant. <!--summary end--></p> https://www.professionaladviser.com/news/4016008/adviser-furlough-scheme-useage-probed-mandatory-fca-covid-19-survey https://www.professionaladviser.com/news/4016008/adviser-furlough-scheme-useage-probed-mandatory-fca-covid-19-survey Wed, 3 Jun 2020 11:12:15 +0000 FCA asks firms how they have mitigated against postal and paper non-compliance <p><!--summary start--> The Financial Conduct Authority (FCA) has asked firms to demonstrate any steps they have taken to mitigate the impact of non-compliance with typical postal and paper processes during the coronavirus pandemic. <!--summary end--></p> https://www.professionaladviser.com/news/4015200/fca-firms-mitigated-postal-paper-compliance https://www.professionaladviser.com/news/4015200/fca-firms-mitigated-postal-paper-compliance Thu, 14 May 2020 10:51:36 +0000 FCA warns advisers must keep PI insurance during coronavirus <p><!--summary start--> The Financial Conduct Authority (FCA) has warned the Covid-19 pandemic is no excuse for firms not to have professional indemnity insurance (PII) in place. <!--summary end--></p> https://www.professionaladviser.com/news/4014261/fca-warns-advisers-pi-insurance-coronavirus https://www.professionaladviser.com/news/4014261/fca-warns-advisers-pi-insurance-coronavirus Wed, 22 Apr 2020 10:37:06 +0000 Coutts tops FCA pension complaints list again <p><!--summary start--> Coutts & Company received by far the most complaints for decumulation and pensions per 1,000 policies sold between July and December 2019, according to Financial Conduct Authority (FCA) data. <!--summary end--></p> https://www.professionaladviser.com/news/4014016/coutts-tops-fca-pension-complaints-list https://www.professionaladviser.com/news/4014016/coutts-tops-fca-pension-complaints-list Thu, 16 Apr 2020 09:59:16 +0000