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Warning about FCA retirement income advice probe
Financial Planning firms need to assess their retirement income advice in advance of the FCA’s impending review of the retirement income market, a compliance firm has warned.
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FCA bans advisers over £42.3m BSPS-linked pension transfers
The Financial Conduct Authority has banned Darren Reynolds and Andrew Deeney of Active Wealth Limited for dishonest pension transfer advice.
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Nucleus completes £242m Curtis Banks acquisition
Nucleus Financial Platforms has completed its £242m acquisition of SIPP and SSAS provider Curtis Banks to create a retirement-focused adviser platform with approximately £80bn AUM.
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STM profits down amid extended takeover talks
SIPP provider STM has reported half year, pre-tax profit down by £400,000 as negotiations over a takeover bid for the group are extended again.
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Advisers fear pension death tax changes
Only one in 10 financial advisers support the government’s proposed changes to the tax rules surrounding pension death benefits.
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