Wealth management trade association PIMFA has voiced concerns about the effectiveness of the Treasury’s proposed reforms for the Financial Ombudsman Service.

The cumulative impact of regulatory change is diverting time and resources away from other priorities, according to a new survey of members of wealth management trade association PIMFA.

Four in five (79%) financial advisers and wealth managers have seen an increase in compliance expenditure over the past year, according to a new report.

Wealth manager trade body PIMFA has called for a clear tax road map to stem the tide of people accessing their tax-free pension cash because of speculation and headlines.

Wealth management trade association PIMFA has warned that draft inheritance tax reforms are unworkable in their current form.

A new corporate criminal offence of 'failure to prevent fraud' comes into effect today and will hold large organisations to account if they profit from fraud.

Wealth manager trade body PIMFA has called for clarity in key areas over the FCA’s Targeted Support proposals to ensure the regime delivers on its aims and avoids consumer confusion.

Chancellor Rachel Reeves’ raft of financial services reforms announced in her Mansion House speech last week have provoked a range of reactions from the financial services sector.

Wealth manager trade body PIMFA has called on the Chancellor to reform The Financial Ombudsman Service (FOS) ahead of tomorrow’s (15 March) Mansion House speech 

Wealth manager trade body PIMFA has warned that the FCA’s intention to improve consumer outcomes and promote transparency on Consumer Composite Investments (CCIs) could do the opposite.

Wealth management trade body PIMFA has welcomed plans announced by the FCA this week to establish a new regime for Consumer Composite Investments (CCIs) which could affect up to 12.6m UK investors.

Wealth management trade association PIMFA has invited entries for its fifth Diversity & Inclusion Awards.

Wealth management trade body PIMFA has urged the FCA to reconsider the role of the Financial Ombudsman Service (FOS) and to explore consolidating the regulatory regime for claims management companies (CMCs).

Financial advisers have broadly welcomed the FCA’s new proposals for targeted support for pension savers but have warned more clarity is needed if they are to succeed.

Financial Planners and advisers have very high confidence in the service they provide their clients but are much less impressed by some issues that are not in their immediate control.