The Financial Conduct Authority (FCA) has made several changes to its proposed methodology for calculating redress for bad advice on defined benefit (DB) pension transfers following industry feedback.
In a finalised guidance published on Friday, the regulator updated various elements of the redress calculation including the way enhancements are valued, allowing for spousal age differences to be considered,...
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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
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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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