Displaying items by tag: FCA

Thursday, 29 October 2015 11:29

AJ Bell urges crackdown on freedom-blocking pensions

Billy Mackay, marketing director at AJ Bell

In its response to the Treasury consultation on pension transfers and early exit charges, Sipp provider AJ Bell has called for all early encashment penalties that block access to the new pension freedoms to be scrapped.

Published in Articles

Tagged under

Wednesday, 21 October 2015 12:08

John Moret: Sipps – interest 'turn' still a cause for concern

Back in 2001 - when we almost succeeded with a MBO of the Sipp provider I was running (Personal Pension Management Ltd long since defunct) – I was questioned by the VC who was backing us about the sustainability of the interest “turn” that we derived from the pooling of bank accounts.

Published in Comment and Blogs

Tagged under

Thursday, 01 October 2015 10:47

FCA to revamp pension rules to boost consumer protection

Christopher Woolard, director of strategy and competition

The FCA is to review its pension rules post the pension reforms to address the, “risks and challenges faced by consumers in the new retirement market.”

Published in Articles

Tagged under

Thursday, 17 September 2015 12:23

4,000 face 40% or higher pension exit fees

A leading pensions expert says the number of people found to be facing exit charges in a major FCA study is ‘significant’ - despite being lower than many might have expected.

Published in Articles

Tagged under

Wednesday, 16 September 2015 12:09

Pension reforms: FCA finds many firms refusing insistent clients

Nearly a third of firms have told the FCA they always refuse transfers from insistent clients.

Published in Articles

Tagged under

Friday, 28 August 2015 10:46

Troubled Sipp providers hold talks with Mattioli

A director at Mattioli Woods has confirmed his firm is holding talks with troubled Sipp providers and the FCA to look at possible solutions ahead of the revamped capital adequacy rules taking effect next year.

Published in Articles

Tagged under

Wednesday, 19 August 2015 09:11

John Moret: Latest debacle causes huge damage to Sipps market

I guess by now I shouldn’t be surprised at anything that emerges from the regulator on the subject of Sipps. There have been numerous well documented failures in the advice regime governing Sipps that it’s hard to believe that worse could follow.

Published in Comment and Blogs

Tagged under

Monday, 27 July 2015 16:57