Tax & Regulation
ASIC suspends MW Planning licence after banning advisers
ASIC also found that MW Planning had failed to lodge required financial statements for the 2024 financial year
Finance firms could face FOS complaints for unsuitable targeted support
The regulator said targeted support will be considered a one-off service that does not require ongoing suitability assessments
FCA confirms introduction of targeted support from spring 2026
Firms will be able to apply to offer targeted support from March next year
FCA proposes raft of pension transfer reforms to help savers make informed decisions
Jon Greer of Quilter said the proposals are positive but “come with trade-offs”
FCA to consult on ditching insurance rules for non-UK business
The regulator is seeking to understand the implications of disapplying ICOBS and PROD rules to non-UK business