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The FCA says it will be more “flexible” on firm’s capital adequacy requirements during the Coronavirus outbreak.
The FCA and other regulatory bodies are to allow listed companies an additional two months to file their accounts due to the Coronavirus outbreak.
The FCA has reduced a £93,800 fine imposed on pension adviser Lloyd Pope, a former director of now dissolved firm TailorMade Independent Ltd, by approximately £70,000.
National pensions and financial advice firm LEBC has urged the Treasury to relax the deadline for savers to make ISA and pension contributions by two weeks.
The City-based adviser platform Transact says all its staff have moved to home working and it has asked users for patience as it deals with a high volume of calls.
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The Consumer Prices Index (CPI) 12-month rate fell from 1.8% in January to 1.7% in February.
To help readers keep up to date with the latest Coronavirus news in one place we’ve added a new Coronavirus section on Financial Planning Today website.
Former Pensions Minister Steve Webb has urged the Treasury to scrap or relax rules which will limit people’s ability to ‘rebuild’ their pensions when the Coronavirus crisis ends.
The CISI’s flagship Annual Paraplanning Conference has been postponed from May until September due to the Coronavirus outbreak.