FCA

Displaying items by tag: FCA

Tuesday, 08 December 2015 12:46

Sipp firm capital rules remain despite PIF changes

The minimum capital adequacy requirements for directly authorised personal investment firms will be doubled to £20,000 next June.

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Monday, 07 December 2015 11:45

Sipp standard asset rules firmed up by latest FCA paper

Claire Trott, head of pensions technical at Talbot and Muir,

The latest FCA statement on the new capital adequacy rules strengthens the view that commercial property is, in most cases, a standard asset, a pensions expert says.

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Friday, 04 December 2015 16:15

FCA publishes ‘watered down’ Sipp rule changes

The FCA has published what it called ‘minor changes’ to its new capital adequacy rules this afternoon – with one expert saying the original proposals had been ‘watered down’.

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Monday, 30 November 2015 11:04

‘Improper' Sipps switching sparks FCA probe

Several advice firms are braced for FCA punishments after consumers were advised to switch their mainstream personal pensions into Sipps through ‘improper delegation’ to unauthorised firms.

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Thursday, 05 November 2015 09:58

Definition of financial advice 'dangerously blurred' - AJ Bell

Billy Mackay, marketing director at AJ Bell

Platform and Sipp operator AJ Bell is warning that the distinction between financial advice and other information or guidance services has become blurred and this is having two dangerous consequences.

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Thursday, 29 October 2015 11:29

AJ Bell urges crackdown on freedom-blocking pensions

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.

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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.

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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.”

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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.

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Wednesday, 16 September 2015 12:09