FCA
Tax & Regulation | 17 Jul 17
FCA reveals 8 firms rapped for pension transfers last year
The Financial Conduct Authority has confirmed that it took action to stop eight UK firms, including deVere and Holborn, conducting and/or arranging overseas pension transfers in the last financial year but has declined to name them all.
Tax & Regulation | 17 Jul 17
FCA to focus on ‘value for money’ in platform probe
The Financial Conduct Authority (FCA) has launched a review aimed at assessing whether investment platforms, including those offered by life companies, operate in the customer’s best interests.
Best Practice | 17 Jul 17
UK pension transfer changes – what are the risks for advisers?
The FCA has proposed overhauling the rules for advising on DB to DC pension transfers. Rob Morris, partner at RPC, looks at the risks these changes create for financial advisers and their insurers.
Tax & Regulation | 14 Jul 17
FCA fines compliance officer for pension transfer failings
The UK watchdog has fined a compliance oversight officer after two companies he worked for gave unsuitable advice to around 500 customers who transferred £12.7m ($16.4m, €13.6m) out of their DB pension schemes.
Retirement | 12 Jul 17
Qrops ‘wide-open to mis-selling’ under FCA transfer reforms
The UK financial services regulator has “failed to deliver a working model” for overseas pension transfers, says industry expert Bethell Codrington, amid concerns the Financial Conduct Authority’s (FCA) planned overhaul leaves products such as Qrops “open to mis-selling”.