A further review of the funding model for the Financial Services Compensation Scheme (FSCS) - scheduled to begin later this year - will focus on making the system fairer for IFAs, the Financial Conduct Authority (FCA) told MPs today.
The Pension Ombudsman Service (POS) has dismissed a complaint against self-invested personal pension (SIPP) provider Berkley Burke, ruling it was not the firm's responsibility to carry out detailed due diligence on unregulated investments.
Self-invested personal pensions (SIPP) have failed to properly disclose retained interest charges linked to cash accounts and now face stricter regulatory rules.
The chief executive of the Financial Services Compensation Scheme (FSCS) has renewed his call to policy makers to extend financial protection to the total value of peoples' retirement savings.
Self-invested personal pensions (SIPP) should not buckle under regulatory pressure to become plain vanilla share class wrappers as clients need diversification in their portfolios, Mattioli Woods has said.
Partnership is to launch a self-invested personal pension (SIPP) account which houses both annuity and drawdown options.
Guardian SIPP is in talks to allow investors trapped in troubled investments to buy their way out of paying mounting administration fees, and to have direct access to any money clawed back from the firms deemed liable for their losses.
Wealth manager Mattioli Woods has bought advice firm Taylor Patterson for £8.3m, adding a further £640m to its £5.4bn of client assets.
The Financial Conduct Authority (FCA) has banned another former director of one of the main distributors of troubled investment Harlequin Property, fining him £165,900 for failings linked to pension advice.