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Investment and pension advice top £403m FSCS claims
The majority of the £403m of claims to the Financial Services Compensation Scheme in 2022/23 were due to investment and pension advice as well as SIPP operator failures.
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Transact advised client numbers hit record 229,000
Integrafin, parent company of adviser platform Transact, has reported advised client numbers climbed to a record 229,000 in the three months to the end of June.
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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.
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Firms urged to act on pension dashboard delay
Pension dashboard services firms have been urged to maximise the opportunities offered by the extended pensions dashboard deadline.
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Half of Planners expect Consumer Duty boost to SIPPs
Close to two thirds (61%) of Financial Planners believe pension and retail investment products will see a boost from the FCA’s new Consumer Duty.
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