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Displaying items by tag: FCA

A leading pensions body has insisted its members still believe the new capital adequacy rules for Sipp firms are "flawed" despite failing with its attempt to bring a Judicial Review.
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Wednesday, 14 January 2015 17:38

Bid for Sipp capital framework Judicial Review fails

The Association of Member-Directed Pension Schemes has failed with its attempt to bringĀ a Judicial Review concerning the new capital adequacy rules, it has just been revealed.
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A decision on whether a Judicial Review concerning the new capital adequacy rules will be allowed to go ahead should be known in the next few weeks.
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Thursday, 11 December 2014 11:45

FCA report: Retirement market failing customers

The market for retirement income is failing, with many consumers missing out on a higher income by not shopping around, the FCA has concluded.
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The FCA will strengthen its proposals on the pensions guidance service to protect consumers in light of industry concerns and following fears raised in Parliament over another mis-selling scandal.

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The sweeping reforms to pensions introduced in the Budget have increased the need for regulators to protect consumers, the chairman of the FCA has said.

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The Financial Conduct Authority has issued a warning about individuals being encouraged to transfer assets from their work pension schemes into Sipps as part of a deal to buy one company's shares.

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The Budget pension reforms do pose a risk of leading to misselling, the FCA's chief executive has admitted, following concerns raised by MPs.

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Thursday, 07 August 2014 14:29

Capital adequacy formula changes labelled 'odd'

Changes to the capital adequacy formula, which were announced this week, have been described as 'odd' by a Sipp provider.

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Wednesday, 06 August 2014 11:58

'Serious issues' with new capital adequacy rules

The Association of Member-Directed Pension Schemes has declared it has "serious issues" with aspects of the new capital adequacy rules.

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