Editor's View: The mystery case of the anonymous advisers

The editor's Friday Night Takeaway from 23 February

Hope Coumbe
clock • 1 min read

Our most popular story this week was Wednesday’s news that two advisers were given warnings last summer over a “recklessly designed” and “seriously flawed” defined benefit pension transfer model.

Regulator warnings like these are, sadly, not unusual. What is unusual however is that the perpetrators of the model have not been publicly named. Of course it does happen from time to time when there is a legal necessity, though it is rare. The next step will likely be a decision for the duo and I have a feeling this could be a very interesting case to keep an eye on. Elsewhere, the Financial Conduct Authority has (again!) told firms to do better on Consumer Duty. This time, it was in the form of a speech made by executive director of consumers and competition Sheldon Mills. He noted in...

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