FCA

In the wake of the FCA review the ABI has put forward its recommendations for how the retirement income market needs to evolve. Helen Morrissey takes a look.

Professional indemnity insurance (PII) for advisers is a key issue on the Financial Conduct Authority's (FCA's) radar, the regulator said on Tuesday.

The Financial Conduct Authority (FCA) has published a guidance document detailing its supervisory approach to firms of all sizes in an attempt to give firms "everything they should know about how we will supervise them".

Advisers and compliance teams must move away from 'box ticking' in evaluating their business conduct, Financial Conduct Authority (FCA) director of supervision Clive Adamson has said.

Providers purchasing tables at awards ceremonies and inviting advisers to sit on them will likely not be in breach of the Financial Conduct Authority's (FCA's) requirements on inducements, it has confirmed.

Progress on the annuities market, charges and defined ambition (DA) may have "stalled", the Work and Pensions Select Committee says.

Product providers should send their at-retirement customers a list of advisers to help them make better decisions about using their savings, the Association of Professional Financial Advisers (APFA) has suggested.

Yorkshire Bank has agreed a redress scheme with some investors in failed investment Arck.

Advisers are responding to the regulator's focus on advice bias caused by remuneration packages by adapting their business models, LEBC research and compliance director Peter Shelton has said.

The Financial Conduct Authority (FCA) has accepted it needs to invest in better communication with small firms, following recommendations by its board in January.