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FCA secures Restraint Order against SSAS-linked firm
The FCA has secured a Restraint Order under the Proceeds of Crime Act 2002 against collapsed Newcastle-based wealth manager WealthTek, a parent company to a SSAS and SIPP investments provider.
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SIPP provider body opposes DWP pension scheme levy
SIPP and SSAS provider professional body the Association of Member-Directed Pension Schemes has expressed “strong opposition” to the DWPs consultation on the general levy for pension schemes.
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75% of firm's advisers 'refereeing' retirement arguments
Three quarters (74%) of Wesleyan financial advisers have been caught in the middle of arguments between couples during retirement planning meetings.
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Maynard replaces Trott as Pensions Minister
Paul Maynard MP, 47, has been appointed Pensions Minister, taking the title of Parliamentary Under Secretary of State at the Department for Work and Pensions (DWP)
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FSCS levy forecast to soar to £415m next year
The total levy to pay for the cost of the Financial Services Compensation Scheme is set to soar by £145m from £270m this year to £415m in 2024/25.
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