The Financial Services Compensation Scheme has announced investment intermediaries will have to pay an additional £22m to cover claims relating to failed Lehman-backed structured product providers on top of the levy for Keydata and two failed stockbrokers, creating an £80m interim levy.
The FCA has defended its position on annual authorisation fees as well as its communication with advice firms over payment deadlines. Speaking to Money Marketing, an FCA spokeswoman says firm owners are made well-aware of deadlines. It was pointed out the regulator had placed a reminder in the regulatory round-ups published on its website in both […]
The tapered annual allowance is one of the top concerns for clients who come to advisers, according to Prudential research. Last week Money Marketing reported the number of people declaring annual allowance breaches more than doubled in the 2016/17 financial year when the tapered annual allowance was introduced. Now a survey of 700 advisers conducted […]