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FCA

Regulation

RDR is working, FCA declares

The Financial Conduct Authority (FCA) has declared the Retail Distribution Review (RDR), its "once in a generation" project to revamp the retail investment advice market, is working, though some concerns remain on the costs and labels of advisers' services....

clock 16 December 2014 •

Regulation

FCA bans former BlackRock director for dodging train fares

The Financial Conduct Authority (FCA) has banned former BlackRock managing director Jonathan Burrows for dodging rail fares worth £43,000.

clock 15 December 2014 •

Regulation

Wealth managers rail against 'crippling' suitability requirements

Wealth management firms say they are being "crippled" by suitability requirements as the Financial Conduct Authority (FCA) increases its scrutiny of the sector.

clock 15 December 2014 •

Regulation

FCA tweaks existing complaints time limit rules as long-stop project resumes

The Financial Conduct Authority (FCA) has said a project considering the re-introduction of a 'long-stop' on advice complaints being referred to the ombudsman will continue despite initial concerns it could be incompatible with European legislation.

clock 12 December 2014 •

Regulation

IFA petitions FCA for total ban on UCIS

An IFA has launched a petition calling on the Financial Conduct Authority (FCA) to ban unregulated collective investment schemes (UCIS) outright.

clock 12 December 2014 •

Income

Just Retirement calls for decumulation 'clean break' to ensure annuity competition

Pension providers should ensure all retirees use the open market to buy an annuity at the point of decumulation to ensure they get the most out of their savings, Just Retirement has said.

clock 12 December 2014 •

Charging

Advisers brace for income cold snap

The festive period is predictably slow for advised business, but research suggests the drop in income can be significant.

clock 12 December 2014 •

Income

Public wants quality-of-advice benchmark, report suggests

Consumers are put off seeking regulated advice because they don't know how to judge its quality, research commissioned by the Financial Conduct Authority (FCA) suggests.

clock 11 December 2014 •

Income

'Fundamental' retirement income problems must be dealt with before pension freedom

Fundamental problems with the shopping around system for annuities must be addressed before pension freedoms being in April, experts have said.

clock 11 December 2014 •

Regulation

Six problems the FCA found with providers' annuity sales

Consumer research undertaken by the Financial Conduct Authority (FCA) found that 40% of consumers do not exercise their option to switch and instead purchase an annuity from their existing pension provider. The regulator found six key reasons why.

clock 11 December 2014 •
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