The FSA is urging firms promoting precipice bonds to include better information about the products i...
The FSA is urging firms promoting precipice bonds to include better information about the products in direct mail offerings, including their risks. The regulator suggests such mailings should explain how the promised rate of income from the bond will be achieved and provide regular updates on performance. Formal guidance on this issue has been given without the usual consultation process because the FSA believes immediate action is needed to protect consumers.
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client
The government is "in daily contact" with industry figures over the pensions dashboard as it prepares for the roll-out and its feasibility report, Guy Opperman has said.
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From 1 April 2019
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