New research from Copia Capital in conjunction with the lang cat reveals that at the start of this year, just one in five advice firms planned to make changes to their investment approach for clients in retirement. In light of the FCA’s thematic review of retirement...
Regulation and Compliance
FOS Increases Complaint Level Predictions as Performance Continues to Improve
The Financial Ombudsman Service has today published its final plans and budget detailing the next phase of its transformation, whilst confirming the increased caseload it expects in the upcoming financial year. When consulting on its plans in December last year, the...
Adviser firms need to follow regulatory trajectory on suitability to avoid non-compliance – Oxford Risk
Adviser firms need to adapt to changes in the regulatory approach to client investment suitability assessments and move away from a product-specific focus, behavioural finance experts Oxford Risk say. The Financial Conduct Authority’s Consumer Duty rules in the UK and...
Why suitable advice requires cashflow modelling: practical tips from Defaqto’s Richard Hulbert
Following last week's 'Dear CEO' letter from the FCA on income in retirement, Richard Hulbert, Insight Consultant, at Defaqto, reminds us of the benefits of cashflow modelling as he also points out certain issues that advisers should bear in mind when it comes to...
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FCA warns firms and ‘finfluencers’ to keep their social media ads lawful
Guidance for memes, reels and gaming streams promoting financial services has been published by the Financial Conduct Authority (FCA)...
FCA identifies significant adviser failings in risk profiling for income drawdown: urgent action is required
Less than a quarter (23%) of firms have a different process for assessing attitude to risk in decumulation, as opposed to accumulation and...
FCA Top Up Fees – it’s not too late to spread the cost
Why use valuable working capital to pay FCA Top Up fees upfront? An instalment financing option can be used to ease the payment burden...
FCA asks financial advisers to review their processes in retirement income support: reaction
The Financial Conduct Authority (FCA) has today written to the Chief Executives of financial advice firms asking them to review their...
FCA sets out its business plan for the year ahead: reaction
In its Business Plan for 2024-25, the Financial Conduct Authority (FCA) has today set out an ambitious programme of work for the final...
Regulated firms exposed to serious red flags without new business verification checksÂ
Regulated firms that take on new business clients are leaving themselves exposed to serious red flags by not completing critical...
Why transforming data management to meet compliance regulations can help wealth management firms unlock wider business benefitsÂ
Written by Tim FitzGerald, Financial Services Manager, InterSystems UK & Ireland Wealth management firms are facing a constantly...
Investment companies deregulation: the rise of Skywalker? JB Beckett analyses talk of reform to sector regulation
Advisers may be becoming increasingly aware of a rising voice in the corridors of power, one to reform the regulation of U.K. investment...
Lifetime Allowance: How the transitional tax-free amount certificate can make a big difference
As we approach the new tax year, Justin Corliss, Senior Pensions Development Manager at Royal London, explores the upcoming changes to the...
TISA Calls for The FCA to Radically Reconsider the Purpose and Function of Disclosure – Women Most Affected
New research from The Investing and Saving Alliance (TISA) and The University of Nottingham has underscored the need for a radical...
All roads lead to data – Moneyhub gives full support to ‘game changing’ FCA Advice Guidance Boundary Review proposalsÂ
Moneyhub has submitted its response to the Financial Conduct Authority’s (FCA’s) Advice Guidance Boundary Review proposals (DP23/5). The...
Financial regulator finds wholesale data market can be improvedÂ
The Financial Conduct Authority (FCA) has today published the findings of its wholesale data market study, which examined competition in...
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