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FCA

Displaying items by tag: FCA

Checking up on the bodies that will provide the new Pension Wise service will cost the FCA nearly £400,000 every year and an initial outlay of nearly £600,000.
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Two former directors have been banned by the FCA for failing to assess the suitability of investments made through Sipps for their customers.
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Tuesday, 10 March 2015 10:31

MPs warn over pension protection for savers

An influential group of MPs has questioned if there is strong enough protection for savers under the new pensions rules.
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Proposals have been outlined by the FCA to make advising on the conversion or transfer of safeguarded pension benefits a regulated activity.
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The FCA has published final rules this morning on implementing a charge cap on default funds for automatic enrolment.
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Friday, 27 February 2015 13:07

Pension protection rules outlined by the FCA

New rules have been revealed this morning to protect consumers as the pension reforms take effect.
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Thursday, 19 February 2015 09:48

Sipp firm makes changes in reaction to FCA review

A Sipp provider has reacted to an FCA review by changing annual statement packs to show if investments are standard or non-standard.
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A final report on the 'failing' market for retirement income is being drawn up by FCA officials.
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Plans to introduce additional protection to pension holders ahead of the reforms kicking in in April have been outlined today by the FCA in a letter to chief executives of providers.
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A senior figure at a Sipp provider fears that a failure to clarify the new capital adequacy rules could lead to worried firms going too far in an attempt to meet requirements and therefore end up increasing costs for clients.
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