Tag: News stories

Sep 14
Gloucestershire Credit Union Limited enters administration

Gloucestershire Credit Union Limited was placed into administration on 14 September 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators. Gloucestershire Credit Union Limited is a financial co-operative owned by its members. It is regulated as a deposit taker by […]

Aug 31
Rowanmoor Personal Pensions enters administration

Rowanmoor Personal Pensions Limited (RPPL), is a Self-Invested Personal Pension (SIPP) operator authorised and regulated by the FCA. RPPL operates approximately 4,800 pensions, with assets under administration of £1.4bn. On 31 August 2022, RPPL’s directors appointed Adam Stephens and Chris Allen of Evelyn Partners LLP (Evelyn Partners) (formerly Smith & Williamson LLP) as joint administrators […]

Aug 23
FCA looks for external experts to help shape its work on ESG issues

The Financial Conduct Authority (FCA) is establishing a new advisory committee to the FCA’s Board to work on Environmental, Social and Governance (ESG) issues, and is looking for expressions of interest from stakeholders to join. Earlier this year the FCA Board decided to establish a brand new ESG Advisory Committee to help execute its ESG-related […]

Aug 22
101 firms in scope of new emergency asset retention rules for British Steel Pension Scheme transfer advice

New emergency asset retention rules now apply to 101 firms who provided pension transfer advice to former British Steel Pension Scheme (BSPS) members, 26 of these firms are subject to an asset restriction.   We announced emergency rules on 25 April 2022 to prevent firms who advised BSPS members to transfer their benefits out of […]

Aug 09
FCA and PSR, Joint Regulatory Oversight Committee co-chairs, appoint Bryan Zhang as Strategic Working Group Chair

The Joint Regulatory Oversight Committee (JROC), a cross-authority taskforce responsible for, among other things, thinking about the future vision and governance of open banking, has announced the set-up of a strategic working group (SWG). The committee believes there is potential to build on the progress of open banking, to drive further benefits for consumers and businesses, […]

Aug 02
FCA issues an update on switching in the mortgage market

The FCA has today released its latest statement on switching in the mortgages market. The number of mortgage borrowers not switching their mortgage deal when they could save money by doing so has declined significantly since 2016. We now estimate that borrowers of 370,000 mortgages could save money by switching their mortgage but do not, […]

Aug 02
We consult on changes to redress calculations for unsuitable pension transfer advice

Home News We consult on changes to redress calculations for unsuitable pension transfer advice We have today published a consultation proposing updates to how redress is calculated for unsuitable defined benefit transfers advice, following a periodic review. Redress aims to put consumers back in the position they would have been in had they remained in […]

Jul 29
Hartley Pensions Limited enters administration

Hartley Pensions Limited (Hartley Pensions), is a Self-Invested Personal Pension (SIPP) operator authorised and regulated by the Financial Conduct Authority (FCA). It also provides administration for a small number of Small Self-Administered Schemes (SSAS), regulated by the Pensions Regulator. On 29 July 2022 the directors of Hartley Pensions placed it into administration at the request […]

Jul 22
Funeral plan providers – list of firms not authorised from 29 July 2022

Bristol Memorial Woodlands FP (approximately 250 plans) Firm did not apply for authorisation. We have notified it that it cannot issue new plans or administer existing plans beyond 29 July 2022. You should have heard from the firm about obtaining a refund. If you have not heard, contact the firm: C/O Memorial Woodlands Earthcott Green, […]

Jul 19
Updating our website

Over the coming months you will notice some changes to the site as we review and refresh our content and design. We want the website be easier to navigate to help you find what you are looking for and to know when information has been updated. We are also reviewing the content to make our […]