Just 30.9% of plan holders are taking advice, despite the fact that the total number of pension plans accessed for the first time surged by 19.7%.
Related topic: FCA
The new rules would enable the regulator to name firms it is investigating at the outset of the investigation.
Square 4 helps firms navigate compliance, regulatory challenges, and operational improvements.
The tags enable advisers to identify which products require an affordability calculation.
The LSB will require lenders to carry out annual checks on the status of a personal guarantee.
The regulator says it has taken longer than expected for some firms to make the required changes.
The new solution helps firms to comply with the FCA’s ‘3-Day Rule’.
The regulator says the design of commission arrangements may not deliver good outcomes to policyholders.
The regulator has found issues with information sharing between insurers and brokers, and in identifying target markets.
This is the first time the FCA has fined an audit firm.
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