FCA
Best Practice | 27 Jul 22
FCA Consumer Duty ‘will sort the wheat from the chaff’
Regulator gives firms 12 months to implement rules aimed at improving client outcomes
FCA and Meta to roll out stricter advertisement rules
‘We continue to see a considerable number of cases involving unauthorised firms and individuals’
Two IFA firms fail
They also provided pension transfer advice to British Steel members
FCA slammed over plethora of failures in British Steel scandal
It has ‘consistently been behind the curve in responding to unsuitable pension transfer advice’
Take-up of pension advice and guidance ‘going backwards’
FCA data shows 40% of decumulation products were bought by DIY savers