Rule changes to make advising on the transfer of safeguarded pension benefits into flexible benefits a regulated activity could lead to further up skilling in the industry, a pensions expert believes.
An equity release adviser who made “illegitimate transfers” totalling £1,000,000 has been hit with a ban by The Financial Conduct Authority today.
The FCA has this morning told advisers what it considers to be poor practice when advising insistent clients.
Two key executive roles at the FCA have been filled this morning, with the regulator announcing appointments as part of a management and structural overhaul.
The FCA's operating costs are set to rise nearly £30m for the next financial year, with increasing amounts going on staff.
The FCA has announced it will launch a market study on asset management in 2015/16.
The Financial Conduct Authority is seeking to find out if it has applied its rules too demandingly in hindsight.
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