New delay for contingent charging ban decision
Six month delay
The Financial Conduct Authority (FCA) has postponed its decision on whether to ban contingent charging on defined benefit (DB) transfers by up to six months.
The watchdog quietly updated the timeline of its pension transfer advice consultation, with its revised handbook text now due to be published in the second or third quarter of this year, rather than the...
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Fraud losses from coronavirus scams hit £5m mark
11,000 scams
FCA contingent charging ban dubbed 'draconian'
Reducing amount of financial advice
Woodford investors take Covid-19 hit as Link agrees £224m sale of healthcare assets
Link Fund Solutions (LFS) has agreed to sell "a significant portion" of the stricken LF Equity Income fund's holdings to US firm Acacia Research Corporation for up to £223.9m.
Law firm considers compensation claims against Link over Woodford collapse
Legal claims for compensation are being considered against the Woodford Equity Income fund's (WEIF) authorised corporate director (ACD) Link Fund Solutions, which is accused of early-stage failures in the fund's collapse, a failure to act in the best...
Behavioural economics and building client trust during Covid-19
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