The Financial Conduct Authority (FCA) has confirmed it will require advisers to provide clients with an information prompt before they commit to purchasing a guaranteed annuity.
In a policy statement on 26 May, the regulator said both providers and advisers would need to flag the best quote available on the open market to their clients before the client makes the decision to proceed...
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
UK Buffettology Smaller Companies investment trust
Follows govt advice
7, 8 and 9 October
The chair of the Financial Conduct Authority (FCA) Charles Randell has promised to “transform” the regulator in the wake of three separate financial scandals, independent reviews of which are set to be completed soon and are expected to provide “difficult...