The Treasury wants to make advice mandatory for sales of annuities on the secondary market, it has said in a statement today.
The Financial Conduct Authority (FCA) has set aside £400,000 to cover the man hours it expects to spend on its joint work with the Treasury, the Financial Advice Market Review (FAMR).
The Treasury is to delay its decision on whether or not to change the way pensions are taxed until at least next year's Budget, George Osborne said in the House of Commons.
The govt and FCA are consulting on the options for a time bar on complaints against financial advice
The Financial Advice Market Review will examine how access to advice can be improved
In the week the government launched a major review of the financial advice market, Professional Adviser looks at the impact the Tories have had on the sector in their first 90 days in power...
A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority (FCA).
The Financial Conduct Authority (FCA) has set out the criteria on which it decides whether to refer a firm to enforcement, recognising the option is "expensive and resource-intensive" and should be used with discretion.
HM Revenue & Customs (HMRC) is to hold regular stakeholder forums to help clarify and develop the rules surrounding EIS, SEIS and VCT schemes.
High earners have had the tax relief on their pension contributions cut in today's Summer Budget.