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Displaying items by tag: FCA

A Sipp firm claims its new proposition shows it has risen to the challenge laid down by the FCA for operators in the sector to up their game.
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Rule changes to make advising on the transfer of safeguarded pension benefits into flexible benefits a regulated activity could lead to further up skilling in the industry, a pensions expert believes.
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A senior figure at a Sipp firm fears operators could put their balance sheets before the best interests of consumers if the FCA fails to get its latest capital adequacy plans right.
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The FCA has proposed changes to the new capital adequacy rules - including a relaxation of the frequency of calculating AUA - which it says will reduce firms’ compliance costs.
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Thursday, 26 March 2015 11:40

Regulator pushes pensions dashboard proposal

The Financial Conduct Authority is proposing a pensions dashboard allowing consumers to see all their pension pots in one place, following a study on retirement income it carried out last year.
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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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