FSCS declares two British Steel adviser firms in default

The Financial Services Compensation Scheme (FSCS) has declared nine financial advice firms in default in March, two of which advised on British Steel transfers.

IFA denies responsibility after affiliate cold call leads to unsuitable pension transfer

The Financial Ombudsman Service (FOS) has ordered a corporate finance firm, Alexander David Securities, to pay compensation to a client over a £14,000 loss arising from a pension transfer.

Nominations open for Women in Financial Advice Awards 2021

RP and PA are pleased to announce that nominations for the 2021 Women in Financial Advice Awards are now open.

Three in court in connection with £14m pension fraud

Three people have appeared in court in connection with an investigation into pension fraud totalling nearly £14m.

Rachel Vahey: Four key takeaways from WPC Scams Report

Rachel Vahey sets out four key takeaways from the WPC report into pension scams and urges swift, nimble action to stop the perpetrators

LV’s capital uncertainty and ‘inconsistent statements’ targeted by MPs

The management of LV= has been heavily criticised by MPs for failing to provide a clear and reliable picture of its capital position in light of its proposed sale to Bain Capital.

Jessica List: Early woes for investment pathways

Jessica List assesses the early days of investment pathways for non-advised drawdown investors

FCA final guidance reiterates DB transfers not in consumers’ best interests

The Financial Conduct Authority (FCA) has published guidance on advising defined benefit (DB) transfers and has reiterated its stance that it is best savers do not transfer out of final salary pension schemes.

FCA: Firms must understand and act to help financially vulnerable

The Financial Conduct Authority (FCA) has outlined how firms should better understand vulnerable customers and how businesses must act to improve outcomes for those clients.

Henry Cobbe: Retirement in focus – pathways, PROD and proposition

Henry Cobbe returns to RP with an in-depth look at drawdown investment pathways and explains what it means for advisers...

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