August 2023: Month in review with editor Hope William-Smith

Policy watch… The Financial Conduct Authority (FCA) began the month announcing that its core advice regime has been paused and rolled into its wider work on advice and guidance. Elsewhere, the regulator slapped a range of restrictions on Raymond James Investment Services which means the firm cannot onboard new branches or employ any new investment managers while the FCA investigates it. Advisers were also on the FCA's radar this month in the context of defined benefit pension transfers. Despite findings that reports of suspicious transfers remain low, the watchdog reiterated it rema...