The Financial Conduct Authority (FCA) wants to completely exclude pension wealth from high net worth investor (HNWI) calculations in order to prevent retirees losing their nest egg in high risk sophisticated investments.
It has proposed an amendment to its ‘certified high net worth investor' and ‘restricted investor' (RI) certification criteria so it is clear that, except where the withdrawals are intended as income in...
Freedom of information request
Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.
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