Sesame Bankhall Group has axed its wealth management arm for advisory firms which will result in all its investment advice firm members having to become directly authorised or choosing to become appointed representatives elsewhere.
The Financial Services Consumer Panel has called on the FCA to take urgent action to protect consumers who buy their retirement products through 'non-advice' sales.
The Financial Conduct Authority is proposing a pensions dashboard allowing consumers to see all their pension pots in one place, following a study on retirement income it carried out last year.
Checking up on the bodies that will provide the new Pension Wise service will cost the FCA nearly £400,000 every year and an initial outlay of nearly £600,000.
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