A firm told to cease all regulated activity by the FCA after it breached an agreement to stop advising on pension transfers and another, named Financial Planning & Investment Limited, have both been declared in default.
Nearly 100 companies have been examined by the FCA as part of its DB transfer advice investigations.
The FCA is to shine a spotlight on how platforms are influenced by their commercial relationships.
The FCA will investigate if consumers are being harmed by a mismatch between the interests of the adviser and client when advisers select a platform.
The Chartered Insurance Institute is preparing the launch of a new pension transfers qualification following FCA plans to tighten the advice requirements for the transfer of safeguarded benefits.
Nearly 3,600 consumers have been compensated for wrongly being advised to switch savings into ‘risky’ assets within SIPPs – at a cost of £105m.
The ABI has disputed the FCA’s finding that accessing pension savings early has become 'the new norm'.
The Financial Conduct Authority has identified a number of pension areas where ‘intervention’ may be necessary following the introduction of the pension freedoms in April 2015.
The Financial Conduct Authority has identified a number of pension areas where ‘intervention’ may be necessary following the introduction of the pension freedoms in April 2015.
The regulator today published the interim findings of its Retirement Outcomes Review which was launched in July 2016. It is the first major study into how the retirement income market is changing since the pension freedoms.
Read our live blog below for all the reaction...
The FCA’s findings in its Retirement Outcomes Review are ‘disturbing’ and show ‘bonkers’ behaviour from savers, industry commentators said this morning.
Page 56 of 83