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Advice guidance boundary review cost set to top £5.6m
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The Financial Conduct Authority is expecting to have spent over £5.5m on its advice guidance boundary review by April 2026.
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FCA sets out plans to allow firms to offer ‘targeted support’
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The FCA has today published its proposals on ‘targeted support’ which would allow firms to make financial guidance suggestions to groups of consumers with 'common characteristics'.
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Annuity rates surge above 7.7%
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Annuity rates have reached 7.72% for a healthy 65-year-old, up 64% since July 2020 when rates stood at just 4.71%.
Pension transfer values fall to a new low
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Pension transfer value fell to a new month-end low in May, the third consecutive monthly record.
AJ Bell launches revamped Touch platform
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Platform and SIPP provider A J Bell has launched a new streamlined platform which the firm claims will help financial advisers implement investment advice for clients more quickly and securely.