The Financial Conduct Authority (FCA) has proposed to update the methodology used to calculate redress payments for unsuitable advice given on defined benefit (DB) transfers, saying the system needed to become more 'appropriate'.
In a consultation paper out on 10 March the regulator proposed a number of changes to the methodology currently used, which, it said, would typically mean claimants would be better off. The changes include...
Lost permissions two years ago
Advisers need to respond to FCA
Deadlines had been extended due to Covid-19
'Intellectually dishonest and... contrary to the law'
Systems, controls, governance and culture
Good News Bulletin
An estimated £2.75bn
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
Why writing to MPs won't fix the FSCS levy - but writing to the Treasury Select Committee just might
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