Deal has been agreed for an FCA penalty to go to the Financial Services Compensation Scheme for the first time.
Ombudsman rules initial commission on Sipp was unsuitably high.
Dunelm Soft Furnishings failed to pay £108,000 in pension contributions to its staff after being hit with payroll problems.
Calland calls on advisers to offer legal and financial help to pursue case against FOS
Pensions minister should also look at tax-free lump sum benefits.
Huge discrepancies highlight the “utterly confusing world which consumers have been ushered into”.
The FCA’s inducement rules risk making product providers withdraw a lot of their training support and make it harder for providers and distributors to work together to make a better industry.
This could end up as a judicial review as some major players seek to protect their status
Higher revenues are tied to a percentage of assets charging structure.
Regulators and politicians trying to play to consumer interests just end up making access to financial services worse
Advisers more scared of FOS than FCA, says PFS president.
FCA Inducement News
Malcolm Streatfield says the network’s arrangements with providers have always complied with FCA rules.
IFP Conference 2013
Succession boss tells advisers clients do not want to be advised by “someone they think is poor.”
The Big Interview
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Take care when drafting terms of business agreements to clearly define the scope of advice and service provided by a firm.
On the eve of MMR implementation, Money Marketing talks to brokers about how the review has been handled, and how it will impact brokers and consumers.
Following the FCA’s recent review of adviser charging, it is important to ensure clients are given a clear breakdown of advice costs as soon as possible.
Research products and their associated risks. Do not allow product providers to sell to you. Many of the major misselling incidents of recent years had at their heart a very successful salesman flogging his product to IFAs. All too often, the adviser had no idea what was in the product or the risks to which anyone holding it was exposed.