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News

Regulation

IFP: Chancellor's 'right to advice' pledge may spark mis-selling

The Institute of Financial Planning (IFP) has warned the Chancellor's right to advice at retirement promise, announced in the Budget, could inadvertently spark a wave of mis-selling.

clock 21 March 2014 •

Regulation

Tenet: Most advisers will need consumer credit licence

Network and support services operator Tenet has warned that most advisers will fall into the remit of the consumer credit licence, meaning they will need to obtain one before the Financial Conduct Authority (FCA) takes over regulation of the market in...

clock 21 March 2014 •

Pensions

FCA and TPR take steps to avoid pensions 'regulatory arbitrage'

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are taking steps to ensure their approach to overseeing workplace pensions does not result in "regulatory arbitrage".

clock 21 March 2014 •

Your profession

Lighthouse signs further affinity contracts

National advice firm Lighthouse Financial Advice (LFA) has signed a new two-year contract to provide financial planning advice to members of benefits manager Parliament Hill.

clock 21 March 2014 •

Pensions

Fixed protection dash predicted after Budget drawdown change

Changes to drawdown limits set out in yesterday's Budget give advisers just two weeks to reassess and take necessary action for clients needing fixed protection 2014, according to Dentons.

clock 20 March 2014 •

Pensions

Standard Life cuts income drawdown minimum

Standard Life has cut its income drawdown minimum from £50,000 to £30,000 in response to yesterday's Budget announcement.

clock 20 March 2014 •

Your profession

Bellpenny completes biggest acquisition to date

National wealth manager and IFA acquirer Bellpenny has completed its biggest acquisition to date with the purchase of MDM Associates, adding a further £322m to its funds under management (FUM).

clock 20 March 2014 •

Regulation

Whistleblowers trigger one in ten TPR auto-enrolment investigations

One in ten (11%) of The Pensions Regulator's (TPR's) 590 investigations into auto-enrolment (AE) non-compliance was triggered by whistleblowing reports.

clock 20 March 2014 •

Pensions

Flat-rate state pension top-up scheme to raise £850m

A scheme allowing pensioners to top up their flat-rate state pension through voluntary National Insurance contributions (NICs) is expected to raise £850m over two years.

clock 20 March 2014 •

Regulation

Most IFAs meeting independence rules, finds FCA

The vast majority of IFAs are acting within the guidelines of independence as laid down following the Retail Distribution Review (RDR), a study by the regulator suggests.

clock 20 March 2014 •
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