Displaying items by tag: FCA
FCA punishes 2 over BSPS transfer advice failings
The FCA has banned financial advisers Keith Dickinson and Andrew Allen for British Steel Pension Scheme transfer advice failings and ordered them to pay £155,000 in compensation.
40 BSPS adviser firms have failed so far
Forty financial advice firms hit by BSPS claims have so far failed with a further seven under investigation, latest FSCS data shows.
Two pension transfer advisers face £1.3m in FCA fines
The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.
FCA updates guidance on transfers and vulnerable clients
The FCA has issued new guidance to advisers on giving pension transfer advice to vulnerable clients.
Lisa Webster: Side effects of lifetime allowance axe
The removal of the lifetime allowance in the Budget was certainly an attention-grabbing headline.
Advice group LEBC enters administration
National IFA, pensions and employee benefits consultancy firm LEBC has entered into administration after selling its assets to sister company Aspira Corporate Solutions.
FCA halts work on simplified advice regime
The Financial Conduct Authority has put plans to create a simplified advice regime on hold.
FCA appoints 3 new statutory panel chairs
The FCA has appointed three new chairs for its statutory panels.
IFAs warn Consumer Duty could hit profits
More than 4 in 10 financial advisers expect the FCA’s new Consumer Duty - which came into effect on Monday 31 July - to hit profits due to the cost of complying with the new rules.
Lisa Webster: A vulnerable client dilemma
We have heard a lot about vulnerable customers recently. Even before the Consumer Duty came along it was a big area of focus for the FCA and now we all have added responsibility under the duty.