FCA
Big shake-up to UK compensation scheme funding proposed
Product providers could be on the hook for 25% of the Financial Services Compensation Scheme (FSCS) costs currently paid by intermediaries, according to a consultation document released Monday.
Best Practice | 27 Oct 17
DB pension transfer complaint redress guidelines updated
The way in which firms calculate redress for complaints about defined benefit (DB) pension transfer advice was updated by the Financial Conduct Authority on Friday.
Investment | 27 Oct 17
Analysis: Fund fees wipe out ‘20% of gross returns’
The European Securities and Markets Authority (Esma) is turning up the heat on asset managers, highlighting the impact of fund charges on returns in a fresh report. Fund fees wipe out an average 20% of gross returns, according to the regulator.
Best Practice | 25 Oct 17
UK watchdog recruits public to fight scammers
The Financial Conduct Authority is urging the public to report and speak out against investment scammers after finding that more than a fifth of those contacted by a suspected fraudulent investment firm stay silent.
New products needed to defuse pensions time bomb, FCA says
The investment industry has been told by the FCA that it has a growing role in addressing the public policy challenge of inadequate retirement saving levels.