Articles

The Financial Ombudsman Service will use £24.5m of its reserves to freeze its levies for the 2020/21 financial year.

Wednesday, 01 April 2020 12:53

£7m SIPPS investment adviser is banned

A Wolverhampton financial adviser has been banned for 8 years after clients lost £7m due to poor pension investment advice involving SIPPs.

Wednesday, 01 April 2020 12:09

PFS backs FCA action on 10% drop letters

The Personal Finance Society, the Chartered Financial Planner professional body, has backed the FCA’s decision to defer its rule obliging advisers to send ’10% drop letters’ to clients when their investments fall by 10% or more.

Rate this item
(1 Vote)

The events of the last few weeks have impacted just about every aspect of everyday living – including the world of pensions.

Andy Bell, chief executive of platform and SIPP provider AJ Bell, has welcomed news that rules on 10% ‘investment drop’ letters will be relaxed until at least 1 October.