FCA action against pension transfers

Trade Unions warn of financial advisers ‘targeting’ final salary pension schemes

TUC asks MPs for action on pension targeting The TUC (Trades Union Congress) has told Members of Parliament that steps to halt advisers from ‘targeting’ DB pension schemes is needed. Recently, Final Salary Pension transfer values have been quite high, and some believe this has prompted some financial advisers to “target” them for a pension…

Report risky investments to FCA

FCA: Advisers to report “risky” product recommendations

The FCA seems to have had enough of people ending up in risk investments New requirements for advisers as FSCS compensation pays out £105m FSCS funding levies considered What it means for investors The Financial Conduct Authority will be asking all independent financial advisers to report when they recommend potentially high-risk investment products to clients.…

lost money to pension scam

Pension scandal losses could reach as high as £1bn! Have you checked your own pension?

A deeper look at your SIPP might set you at ease, or give you more questions than answers… PASA chairman says £1bn from pensions could have been lost to scammers Tip of the pension mis-selling scandal iceberg Example of a mis-sold pension According to the chair of the Pensions Administration Standards Association, Margaret Snowdon, people…

What is a non-standard asset?

FCA probes SIPP providers about number of non-standard investments – what does it mean for your pension?

Has high-complaints driven the FCA to weigh up options about mis-sold pensions? Regulator asks SIPP providers to show their cards Non-standard investments focal point on investigation What IS a non-standard Investment? Could you be effected? The Financial Conduct Authority has asked all providers of Self-Invested Personal Pensions (SIPPs) to reveal the details of any non-standard…

questions about pensions

Transferred your Defined Benefits Pension? The regulator says that over 50% of transfers were not deemed suitable!

Was your defined benefit pension transfer the right decision? Or do you have a claim? The Financial Conduct Authority has conducted a review of 88 pension transfers, in which people had taken advice from a regulated independent financial adviser to move their Defined Benefits pension into something else, only to find that only 47% of…