Displaying items by tag: FCA
40 BSPS adviser firms have failed so far
Forty financial advice firms hit by BSPS claims have so far failed with a further seven under investigation, latest FSCS data shows.
Two pension transfer advisers face £1.3m in FCA fines
The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.
FCA updates guidance on transfers and vulnerable clients
The FCA has issued new guidance to advisers on giving pension transfer advice to vulnerable clients.
Lisa Webster: Side effects of lifetime allowance axe
Advice group LEBC enters administration
National IFA, pensions and employee benefits consultancy firm LEBC has entered into administration after selling its assets to sister company Aspira Corporate Solutions.
FCA halts work on simplified advice regime
FCA appoints 3 new statutory panel chairs
IFAs warn Consumer Duty could hit profits
More than 4 in 10 financial advisers expect the FCA’s new Consumer Duty - which came into effect on Monday 31 July - to hit profits due to the cost of complying with the new rules.
Lisa Webster: A vulnerable client dilemma
We have heard a lot about vulnerable customers recently. Even before the Consumer Duty came along it was a big area of focus for the FCA and now we all have added responsibility under the duty.
FCA asks SIPP firms for cash interest policies
The FCA has written to investment platforms and selected SIPP providers to ask them to disclose how much of the interest they receive from cash and bank deposits they pass on to their customers.