Keith Richards: ‘Current FSCS levy system outdated’
The current FSCS levy systems are outdated and must be overhauled, Personal Finance Society chief executive Keith Richards has said.
FCA: Lack of proper PI cover places ‘unfair’ burden on FSCS and firms
The Financial Conduct Authority (FCA) has said the inability for firms to compensate consumers via their professional indemnity insurance is “unfair".
Rory Percival ‘surprised’ over latest FCA consumer harm warning
Ex-Financial Conduct Authority (FCA) man Rory Percival was surprised the hear the regulator's latest claim that cases of consumer harm in the advice process are increasing.
FCA says lack of proper PI cover places ‘unfair’ burden on FSCS and firms
The Financial Conduct Authority (FCA) has said the inability for firms to compensate consumers via their professional indemnity insurance is “unfair".
PI Insurance hikes spark exodus from DB transfer advice
Advisers are continuing to leave the DB transfer market in droves, with high PI premiums prompting more than 30 firms to back away from final salary transfer advice in just three months.
Leeds-based adviser firm goes under after pension transfer permission loss
Leeds-based adviser firm Capital & Income Solutions has entered administration.
Treasury plans to tackle NHS pension taper woes widely criticised
Potential changes to the tapered annual allowance threshold, which the Treasury could increase from £110,000 to £150,000 to ease pressure on senior NHS doctors, have been criticised amid calls for wider taxation reform.
Gareth James: Will Sajid Javid revisit pensions early access?
Gareth James looks back at the career of Chancellor Sajid Javid and asks if his previous support of early access to pension pots points to future policy...
Rising SIPP claims push FSCS levy to £635m
Advisers face increased FSCS bills as the body is set to raise its overall levy to £635m for 2020/21 with intermediaries stumping up £213m.
Dominic Chappell ordered to pay £9.5m into BHS pension schemes
Dominic Chappell must pay £9.5m into BHS’ pension schemes after committing actions detrimental to their funding, the Upper Tribunal has ruled.
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PI Insurance hikes spark exodus from DB transfer advice
Advisers are continuing to leave the DB transfer market in droves, with high PI premiums prompting more than 30 firms to back away from final salary transfer advice in just three months.
