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FCA abandons seven investigations due to ‘lack of evidence’

The FCA has abandoned seven investigations into individuals since 1 January 2015 because of a lack of evidence, Money Marketing can reveal. Money Marketing filed a Freedom of Information request after it was revealed in August the regulator ceased its investigation into Lloyds Banking Group head of gilts trading Tony Gray because there was no […]

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DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

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Advisers put off low-value clients by calls for segmentation

Language encouraging advisers to only take on high-net-worth clients is not helping to improve financial inclusion, according to speakers at a parliament-hosted event. Issues around financial exclusion and education were discussed at a panel debate hosted by Jonathan Edwards MP last night at the Houses of Parliament. During the discussion, Rose & North Financial Planning and Wealth Management […]

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Moody’s warns of further UK downgrade

Ratings agency Moody’s has again warned it will downgrade the UK’s credit rating further if it fails to preserve its access to the “core element” of the European single market once it leaves the union. The firm said in a statement its current Aa1 sovereign rating would be downgraded “if the UK’s loss of access […]

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