European Parliament rejects Priips disclosure rules

The European Parliament has voted to reject the current regulatory technical standards for the implementation of Priips’ Key Information Document. The Commission and Council have now been called to discuss and possibly redraft the standards which could consequently delay Priips’ start date expected for December. The vote follows a recent debate in parliament which called […]


Advisers call for overhaul of FOS complaints reporting

Advisers are putting pressure on the Financial Ombudsman Service to report its complaints data differently in an effort to stop the same large firms coming out on top. The FOS reported its six-monthly complaints data last week, with large advice firms Sesame, Openwork, St James’s Place, Positive Solutions and Hargreaves Lansdown listed in the top five. […]


Apfa in talks with FCA and FOS on suitability reports

Apfa is in talks with the FCA and the Financial Ombudsman Service about improving the format of suitability reports. The trade body says it will produce an adviser guide on suitability reports in the next few months. Apfa director general Chris Hannant say he does not expect or want the FCA to produce a template […]

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FCA argues its case to ban ex-Barclays Wealth boss

The FCA has set out its case to ban a former Barclays executive for withholding a report that claimed its wealth management division was “actively hostile to compliance”. The FCA today published its decision notice recommending ex-Barclays Wealth and Investment Management chief operating officer Andrew Tinney be banned and publicly censured for covering up the […]

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What does value for money in a DC default look like?

Lorna Blyth – Head of Investment Solutions The phrase ‘value for money’ is fast becoming a favourite phrase of the pensions industry. The regulator sees ‘value for money’ as a key outcome for workplace pension members and as a result both providers and Independent Governance Committees (IGCs) are keen to evidence it. But what is it […]


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