Former FCA man Rory Percival was surprised to hear the Financial Conduct Authority’s (FCA) claim that cases of consumer harm in the advice process are increasing.
The FCA wrote to advisers this morning, outlining the next stage of its suitability review will focus on retirement income. In its Dear CEO letter, the regulator outlined its approach to tackling key...
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
Cutting delivery costs is key
Can invest with £100
4% withdrawal rule of thumb
Policy response depends on 'severity' of new restrictions