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FCA set to apply brakes to property fund withdrawals
The Financial Conduct Authority is consulting on a rule change which may mean open ended property fund investors being required to give 180 days notice for a withdrawal of funds.
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Mattioli Woods completes £25m Hurley Partners takeover
Mattioli Woods, the SIPP and wealth management firm, has received FCA approval for its £25m takeover of private client firm Hurley Partners.
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SIPPs and SSAS savers owed stamp duty refunds worth £10bn
Over 120,000 SIPP and SSAS savers may be owed compensation of up to £80,000 each due to errors in relation to property transfers, according to Cornerstone Tax.
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Pension withdrawals fall 17% as savers show caution
HMRC has reported that £2.3bn was withdrawn from pensions flexibly in Q2 - a 17% fall year-on-year from the £2.8 billion seen in Q2 2019.
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More protection for vulnerable clients on way
The FCA is to consult on tougher rules to protect millions of vulnerable consumers.
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