Sharp rise in UK advice firms providing pension transfers

There has been a 17% increase in the number of UK financial advice firms with regulatory permission to conduct defined benefit (DB) pension transfers over the past financial year, as demand from clients continues to rise.

Tax & Regulation | 9 Aug 17

Ban and fine against former UK adviser network CEO upheld

An appeal by the former chief executive of an adviser network to overturn a ban on having any ‘significant influence’ on any regulated activity has been struck down and a fine upheld by the UK’s Upper Tribunal Tax and Chancery Chamber.

Best Practice | 2 Aug 17

‘Common sense’ prevails in FCA’s insistent client guidelines

Updated guidance on how UK advisers should deal with clients who insist on going against their advice has been welcomed as “common sense” by Old Mutual Wealth’s chief distribution officer Richard Freeman.

Tax & Regulation | 31 Jul 17

FCA bans IFA from giving DB pension transfer advice

Another British financial advice firm has been stopped from carrying out defined benefit (DB) transfer advice by the Financial Conduct Authority (FCA), as Standard Life calls for greater flexibility.

Best Practice | 28 Jul 17

Revised UK managers regime to expose ‘reckless’ IFA firms

The Financial Conduct Authority’s extension of its Senior Managers Regime to almost all regulated companies in the UK will help weed out “reckless and criminal firms”, financial adviser support firm SimplyBiz Group said.

FCA