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‘Flawed’ FCA compensation scheme for Lloyds customers criticised

An official complaint has been filed to the FCA over the compensation scheme it set up with Lloyds over past fraud. The redress package is “defective” and the methodology “flawed, according to the SME Alliance. The pressure group represents small businesses, scores of which were affected when they suffered fraud at the hands of a […]

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Trade bodies urge trustees to hold investment consultants to account on ESG issues

The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]

Sesame pulls Pimfa and APCC membership in new regulatory engagement plan

Sesame Bankhall Group is set to introduce a programme of engagement activities to track adviser sentiment toward regulatory concerns, Money Marketing has learned, as it pulls out of its membership with adviser trade body Pimfa and the Association of Professional Compliance Consultants. The initiative will be launched in the new year and include face-to-face workshops, […]

2018 in review: Regulation rears its head again

The past 12 months have seen a swathe of new rules and guidance hit the advice space. Here, Money Marketing’s experts sift through the noise to provide their key takeaways. Crunch time for culture issues Vicky Pearce, director at B-Compliant As the year draws to a close, looking back over 2018 one of the key […]