Related topic: Regulation

In one case, Nationwide failed to identify a customer using personal current accounts to receive £27.3m in fraudulent Covid furlough payments.

Advisers expect two thirds (66%) of their clients to be affected and will require IHT advice.

As targeted support is a one-off service, it does not involve ongoing suitability assessments. 

Firms are being urged to review their systems as new guidance sets the standard for customer vulnerability management.

The regulator is also consulting on ways to further modernise pension rules.

The main barrier currently stopping 1 in 3 people accessing financial advice is cost, the research shows.

Consumers can use the tool to check if a firm is authorised and has the correct permissions to provide services.

The regulator says it has worked closely with industry and consumer groups to 'deliver practical policy that moves the dial on risk'.

In the latest of his 'Mythbusting' series with Financial Reporter, Harpal Singh, CEO at conveybuddy, encourages advisers to have their say on two consultations - on home buying and...

The FCA is launching a Mutual Societies Development Unit to help mutuals navigate policy and legislative changes.