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FCA urged to take action on pensions governance committees

Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]

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FCA puts pension transfer exam standard under review

The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]

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National firm LEBC on acquisition trail in 2018

National advice firm LEBC is looking to grow its business through multiple acquisitions in 2018. The business released its annual report today after reporting its 2017 full-year results at the end of last month. LEBC chief executive Jack McVitie says the business is seeing “extremely encouraging” early signs for its performance in 2018 and beyond. […]

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FCA: British Steel complainants should discuss options with FOS

The FCA has urged those with complaints over the British Steel Pension Scheme to discuss how to proceed with the Financial Ombudsman Service after one of the advice firms at the centre of the scandal filed for liquidation. Yesterday, the Financial Services Compensation Scheme said that it was preparing to declare Active Wealth in default, […]

Jupiter: Mifid II cost criticism lacks weight

Head of strategy for the Jupiter Independent Funds Team John Chatfeild-Roberts looks at how Mifid II has hit multi-manager funds following Money Marketing’s reporting on the true costs of the funds. Mifid II provides investors with greater clarity of charges. However, appreciating the difference between value and price is fundamental; of course price is important but […]