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November started in fine style with the 2023 Women in Financial Advice Awards, mid-month saw a pensions-packed Autumn Statement and a busy four weeks was rounded off with the release of the much-anticipated Sustainability Disclosure Requirements and the regulator’s ‘polluter pays’ redress framework. Quite the month…
The Financial Conduct Authority has announced proposals to require personal investment firms to set aside capital so they can cover compensation costs. The regulator says this will ensure the “polluter pays” when consumers are harmed. The city watchdog will be running a 16-week consultation to seek industry and
Advisers have given a cautious reaction to the Financial Conduct Authority’s (FCA) “polluter pays” redress consultation released this morning (29 November), with some sceptical the proposals will work well for small firms.
Platforms are falling “far short” of adviser expectations, with 91% of advisers saying poor service delivery impacts their day-to-day work, a new report by Parmenion has warned.
Nearly all (91%) of advisers say poor service from platforms impacts their day-to-day work, Parmenion research has revealed.