The FCA has shared 10 questions for firms to consider ahead of its new Consumer Duty which comes into force on 31 July.
Read more ...James Hay adds digital Letter of Authority service
- Wednesday, 28 June 2023
- Articles
Adviser platform James Hay has partnered with Origo to launch a Unipass Letter of Authority service.
Read more ...1 in 3 to face hardship in retirement
- Wednesday, 28 June 2023
- Articles
One in three (35%) Britons expect to face hardship in retirement, according to a new report.
Read more ...2 in 3 over-50s shun annuities despite benefits
- Wednesday, 28 June 2023
- Articles
Less than a third (28%) of over-50s would buy an annuity or consider buying one, according to new research by the FSCS.
Read more ...Transfer values slump to lowest level in 7 years
- Tuesday, 27 June 2023
- Articles
Rising gilt yields and falling inflation expectations have pushed the typical value of a DB pension transfer to its lowest level in seven years.
Read more ...Titan Wealth snaps up Square Mile
- Tuesday, 27 June 2023
- Articles
Wealth manager Titan Wealth has acquired investment research and consultancy firm Square Mile for an undisclosed sum, subject to regulatory approval.
Read more ...SJP offers virtual work experience taster to 500
- Tuesday, 27 June 2023
- Articles
Wealth manager St James’s Place is offering virtual work experience to 500 young people with a three-day taster for those interested in a career in financial services.
Read more ...Belmayne recruits 2 new Financial Planners
- Tuesday, 27 June 2023
- Articles
Derbyshire-based Financial Planning firm Belmayne has added two new experienced Planners to increase the size of its Financial Planning team to nine.
Read more ...Annuity break-even point falls by 5 years
- Monday, 26 June 2023
- Articles
The break-even point for retirees to get their money back from an annuity investment has fallen by five years as rates rise, according to Canada Life.
Read more ...BSPS adviser told to pay £106,000 to FSCS
- Monday, 26 June 2023
- Articles
The FCA has banned financial adviser Mark Abley of County Capital Wealth Management Ltd and told him to pay £106,100 to the Financial Services Compensation Scheme (FSCS) for poor pension transfer advice to BSPS members.
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