Displaying items by tag: FCA
PFS challenges FCA approach to British Steel compensation
The Personal Financial Society (PFS) has asked the Financial Conduct Authority (FCA) to reconsider its plans for assessing the amount of compensation owed to British Steel pension scheme (BSPS) members.
DWP calls for thoughts on decumulation
The Department for Work and Pensions (DWP) has called for views on decumulation and helping savers understand their pension choices.
FCA to speed up removal of firms' unused permissions
The Financial Conduct Authority is to speed up the removal of regulated activities from firms failing to use their permissions.
FCA bans 5 advice firm directors for pension mis-selling
The Financial Conduct Authority has banned five directors of financial advice firms from working in financial services and fined them over £1m.
FCA CEO defends staff pay after 2 day strike
FCA CEO Nikhil Rathi has defended the pay packages of staff - some of whom went on strike this week - as “possibly the best package” among UK regulators.
1 in 5 advisers unready for new FCA Consumer Duty
A fifth (19%) of financial advisers admit they have not heard of the FCA’s new Consumer Duty and have not considered changes they may need to make.
FCA revamps pension transfer ‘advice checker’ tool
The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.
FCA to publish metrics as it raises adviser fees 5.2%
The FCA plans to publish performance metrics for itself and the sector for the first time as it raises its annual funding requirement by 4.3%, according to the regulator’s new three year business plan.
FCA to revamp performance scenario rules
The FCA has made significant changes to the rules on Packaged Retail and Insurance-based Investment Products (PRIIPs) in one of its first major moves away from EU regulation.
SIPP firm Heritage Pensions goes into liquidation
SIPP provider Heritage Pensions Limited has gone into liquidation this week after a string of upheld claims against the firm.