The Financial Conduct Authority (FCA) has paused the implementation of its investment pathways work, however it will press on with its work on defined benefit (DB) transfers amid the coronavirus.
A ‘Dear CEO' letter to addressed to those providing services to retail investors and published on Tuesday evening (31 March) outlined steps the regulator was taking to continue its work amid the coronavirus pandemic. Amid a range of measures outlined in the letter the FCA confirmed it would pause the implementation of investment pathways, which were meant to come into force from August 2020. Elsewhere, the regulator confirmed its ongoing work with firms providing DB transfer advice would continue. However, it has paused its follow-up work on assessing the suitability of advice. It sai...
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