FCA goes after two introducers over pension transfers
UK regulator reveals the names of two companies and three individuals
Author: Tom Carnegie
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Advisers claim FOS biased towards complainants
In a recent IFA survey, 83% thought the financial ombudsman treated them as “guilty until proven innocent”
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Celebrities and business leaders sue Ingenious
Claimants expect to recover around £200m from the film investor
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Defendant pleads guilty in Beaufort Securities case
A British citizen has also been extradited to the US to stand trial
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Regulator warns 12 pension schemes over DB transfer activity
The UK Pensions Regulator has written to the trustees of 12 defined benefit (DB) pensions schemes regarding transfer activity.
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Brexit could make 38 million pension payments illegal
The head of the Association of British Insurers has warned that 38 million individuals living in the EU could have their UK pension and life policy payments deemed “illegal” if no Brexit deal is reached.
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UK Sipp market to grow by £1.9bn a year
The UK self-invested personal pension (Sipp) market is expected to grow by £1.9bn a year to 2020 despite rising customer complaints, according to the latest research by GlobalData.
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FCA urged to engage more with professional bodies
A financial services alliance representing 200,000 global members is demanding the Financial Conduct Authority (FCA) does more to support professionalism in the industry.
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Capacity issues loom as adviser client numbers soar
As UK advisers continue to experience increased demand for their services, capacity issues are hitting home for some, wrap platform Nucleus has warned.
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Sipp complaints help push UK compensation to £405m
Customers of failed financial services firms received £405m in compensation from the Financial Services Compensation Scheme (FSCS) in 2017/18, in part driven by a rise in Sipp complaints.
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FCA acts to stop drawdown retirees losing out
The UK’s Financial Conduct Authority (FCA) is planning to introduce “investment pathways” for drawdown retirees, in a move to prevent them from making poor decisions and defaulting into cash.
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Market volatility putting thousands of UK pension pots at risk
Thousands of people in drawdown are not adjusting their pension income levels to account for market volatility, leading to fears they could drain their retirement pots too quickly, research from Zurich has found.
