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VouchedFor: FCA directory could see more ‘bad’ advisers being picked

The proposed FCA directory that will include advisers’ details could see more people finding “bad advisers”, according to adviser review site VouchedFor. A LinkedIn article by VouchedFor chief executive Adam Price says this is because the regulator’s consultation paper pitching the directory suggested little around underlying adviser checks being substantively improved. In the article, Price says: […]

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FCA: We must prepare for ‘no-deal’ Brexit

The FCA has said it is continuing to make contingency plans for all Brexit scenarios, including “no-deal”, as negotiations continue. The government’s latest white paper on Brexit proposed an “equivalance of rules on an outcomes basis” regime for financial services allowing the UK and EU access to each others markets. In a speech by FCA […]

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Lib Dems back cooling off period for pension withdrawals

The Liberal Democrats are calling for the government to introduce a cooling off period for people who take more than the minimum lump sum from their pension pot without taking financial advice. Currently, withdrawals over the 25 per cent minimum are taxed at an  emergency tax rate, which can lead to pensioners paying too much […]

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