Displaying items by tag: FCA
FCA consults industry as Pension Dashboards edge forward
The FCA has opened a consultation into new guidance to be added to its Perimeter Guidance Manual (PERG) as the much-delayed Pension Dashboards Programme continues to inch forwards.
FCA wants advisers to review retirement income support
The Financial Conduct Authority has today written to the chief executives of financial advice firms asking them to review their retirement income advice processes.
FCA to review treatment of vulnerable customers
The FCA is to conduct a review into what regulated firms are doing to understand and respond to the needs of customers in vulnerable circumstances.
SIPP gender gap a 'yawning chasm' says HL
FCA opens criminal probe into failed WealthTek LLP
The FCA has launched a criminal investigation into Newcastle-based wealth manager WealthTek LLP following the discovery of an £81.5m gap in the firms’ finances.
FCA removes 4A permissions of Weymouth BSPS adviser
The FCA has cancelled the permission of KBFS Financial Limited (FRN: 831504) to carry out regulated business following restrictions imposed in October over concerns about its failure to pay redress to former members of the British Steel Pension Scheme.
FCA to survey 25,000 regulated firms
The FCA and its Practitioner Panel are set to launch a joint survey of 25,000 regulated firms shortly to seek feedback on how the FCA is regulating the sector.
Too many Planners relying on averages warns DFM
Too many Financial Planners are relying on averages for their retirement income planning process, according to DFM Hymans Robertson Investment Services.
FCA warns 'reckless' pension transfer specialist of action
The FCA has issued a warning notice to a pension adviser it has branded “reckless” after they gave unsuitable advice to customers to transfer out of their DB scheme over a four year period.
Firms must halt ‘double dipping’ on cash savings
The FCA is cracking down on the practice of so-called ‘double-dipping’ by investment platforms and SIPP operators whereby they keep interest on customers’ cash balances and charge them a fee for doing so.