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.
Nearly a third of firms have told the FCA they always refuse transfers from insistent clients.
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.
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.
Talbot and Muir has launched a free SSAS review service for advisers.
There were ten whistleblowing complaints about the Sipp sector in 2014/15, the FCA has revealed.
The FCA must fire a warning to firms that barriers stopping savers accessing their pensions are unacceptable, the Government has commanded.
A Sipp firm claims its new proposition shows it has risen to the challenge laid down by the FCA for operators in the sector to up their game.
Rule changes to make advising on the transfer of safeguarded pension benefits into flexible benefits a regulated activity could lead to further up skilling in the industry, a pensions expert believes.
A senior figure at a Sipp firm fears operators could put their balance sheets before the best interests of consumers if the FCA fails to get its latest capital adequacy plans right.
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