FCA
Retirement | 1 Jul 16
OMW slashes exit fee cap to 1% ahead of FCA reforms
Old Mutual Wealth is cutting exit fees to 1% from 5% for all customers aged 55 or over ahead of the UK regulator’s proposals to adopt a similar regime.
United Kingdom | 28 Jun 16
Apfa urges UK to delay launch of secondary annuity market
The introduction of a secondary annuity market in the UK should be delayed due to a lack of interest from advisers as well as the post-Brexit fallout, the Association of Professional Financial Advisers (Apfa) has told the UK’s Financial Conduct Authority (FCA).
Retirement | 23 Jun 16
Sipp provider European Pensions goes into administration
European Pensions Management (EPM), a UK-based self-invested personal pension (Sipp) provider with over 6,000 customers, has formally entered insolvency proceedings under the special administration regime.
Tax & Regulation | 21 Jun 16
FAMR’s financial advice working group named
The UK’s Financial Conduct Authority has named a working group that will take forward three key recommendations of the Financial Advice Market Review.
Tax & Regulation | 16 Jun 16
FCA charges five in £2.75m boiler room scam
Five people appeared at London’s Southwark Crown Court on Thursday accused of promoting and selling shares in a company through a succession of boiler room scams.