Retirement

The key pitfalls to watch for on suitability

The FCA’s recent suitability review highlights an improvement in terms of client recommendations. But firms cannot afford to get complacent, with the results also showing that evidencing suitability remains an issue for many. As well as ensuring a comprehensive audit trail and clear, jargon-free reports, other areas should be considered to ensure regulatory expectations are […]

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FCA launches major non-advised drawdown review

The FCA has launched a wide-ranging investigation into how customers taking drawdown without getting advice are treated. The regulator has announced a thematic review – a form of assessment where the FCA standardly conducts site visits, investigates risks and suggests resolutions for a systemic market issue – into non-advised drawdown sales since the pension freedoms. […]

Private equity firms sell down stake in JRP Group

Private equity companies Cinven and Permira have offloaded a 10.2 per cent stake in JRP Group, the companies announced today. The size of the stake sold increased from an original 8 per cent due to investor demand. JRP Group, formed after the merger of Just Retirement and Partnership, rebranded to the name Just in January. […]