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Witch hunt: Industry warning as tax furore risks damaging financial planning

A public furore over the tax affairs of the UK’s senior politicians has become a “witch-hunt”, with one MP warning it will turn savers away from the tax planning they should be encouraged to do. Following cross-border efforts coordinated by the International Consortium of Investigative Journalists, the publication of the Panama Papers sparked widespread anger at the […]

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FCA sets out revamped pension freedom rules

The FCA has published new rules reacting to the first year of the Government’s pension freedom reforms. The changes include a ban on sending product application forms with wake-up packs, extending advice requirements to UFPLS and introducing more flexibility around the so-called second line of defence. However, in a consultation response published today the regulator […]

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FCA: It is up to industry to tackle insistent clients issue

The FCA says it is the industry’s “responsibility” to find a solution to the insistent client problem that is holding back savers’ access to the pension freedoms. In a policy statement published today the regulator responded to feedback on pension transfers and clients who want to act against the recommendations of an adviser. It says […]

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