This week (W/C 23.03.2015) two individuals fined and banned for pension advice failings. Two Individuals Fined & Banned for Pensions Advice Failings Two former directors of an advisory firm have been banned from performing senior roles within the financial services industry and fined after failing to ensure their company assessed the suitability of investments made […]

Ensuring personalised objectives are documented in suitability reports through mechanisms such as free text input is the “best defence” against regulatory action over centralised investment solutions, the Financial Conduct Authority said today (11 February). Speaking at a Thesis Asset Management conference on investment risk and suitability, the FCA’s technical specialist Rory Percival warned about “individual […]

The Financial Conduct Authority (FCA) has come under fire from an adviser who believes it is failing in its duty to “expose wrong-doing and enforce ‘best practice’”. SG Wealth Management director Neil Shillito voiced his frustration at the regulator’s failure to respond publicly to Thursday’s news that private bank Coutts is reviewing its clients’ investment […]