The Financial Conduct Authority (FCA) is planning to gather evidence on current trends in complaints related to payment protection insurance (PPI).
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Angry investors are planning legal action against the regulator in a bid to claw back losses they claim its predecessor caused when it branded their traded life settlement investments "toxic".
Providers fear the regulator's new rules on how they must deal with retirees will leave customers wrongly assuming they have received advice, if details of what is expected of them are not published soon, according to an industry figure.
The regulator's ‘second line of defence' for retirees will be extended to cover trust-based pension scheme members as well those in contract-based arrangements, peers have heard.
Pension providers must ask clients a set of key questions before they access their pension pot and should also highlight the benefits of regulated advice, the Financial Conduct Authority (FCA) has said.
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The Financial Conduct Authority (FCA) has said it will look to take even earlier pre-emptive action against what it believes is bad practice in a bid to counter accusations from the industry that it unfairly employs retrospective regulation.
The Financial Conduct Authority (FCA) has provided what it hopes is further clarity on the boundaries of advice and information when building decision tree based investment models, following concerns about the clarity of its initial suggestions.