Financial Conduct Authority (FCA) chief executive (CEO) Nikhil Rathi addressed concerns around the incoming Consumer Duty in a speech at the UK Finance Annual Dinner yesterday (16 November), stating it was the elephant in the jungle that needed to be tackled.
New rules which now apply to financial advice firms that provided pension transfer advice to ex-British Steel Pension Scheme (BSPS) members will mean some are subject to an asset restriction to ensure they can make appropriate redress payments.
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Savers can deposit up to. | March 28, 2022