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You searched for the term FCA Your search returned the following 40 results...
 
  • Investment pathways - Royal London for advisers

    Investment pathways Investment pathways have been introduced by the Financial Conduct Authority (FCA) to help improve retirement outcomes for customers who want to flexibly access their pension savings. What are investment pathways? Investment pathways are investment solutions, designed to meet...

  • Our summary and thoughts on the FCA’s recent feedback statement 19/5: Effective competition in non-workplace pensions - Royal London for advisers

    Our summary and thoughts on the FCA’s recent feedback statement 19/5: Effective competition in non-workplace pensions Craig Muir 17 September 2019 Share Share In July 2019, the Financial Conduct Authority (FCA) produced feedback statement FS19/5 which outlines a number of proposals to improve...

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    Opinion

    Workplace pensions

  • Increasing the Financial Ombudsman Service (FOS) Award Limits - Royal London for advisers

    Increasing the Financial Ombudsman Service (FOS) award limits Robin Nimmo 24 January 2019 Find out how we responded to the FCA consultation on increasing the FOS compensation limits. The FCA consultation CP18/31 on ‘Increasing the award limit for the Financial Ombudsman Service’ closed on 21...

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    News

    Blog

  • FCA Retirement Outcomes Review final report and consultation - Royal London for advisers

    FCA Retirement Outcomes Review final report and consultation Justin Corliss 26 July 2018 Share Share Justin Corliss explains the recent FCA review of retirement outcomes. On 28 June the FCA released the Retirement Outcomes Review (ROR) final report along with a consultation paper CP18/17, looking...

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    News

  • Pensions liberation fraud - Royal London for advisers

    ...pension before age 55. Pressure to act quickly. The firm facilitating the scam is not a FCA regulated firm. If a SSAS is being used it’s unlikely the scammer will insist on being the independent trustee. www.fca.org.uk/scamsmart A brief history of pension scams The original pension scam involved...

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    Information and guidance

  • Pension news from 2019 - Royal London for advisers

    Pension news from 2019 Why paying a tax charge isn’t always a bad thing We’ve updated our adviser policy paper and it’s ready to download. DB pension transfer advice consultation We responded to the latest FCA consultation paper CP19/25 on DB pension transfer advice which closed at the end...

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    News

    Blog

  • Why are drawdown transfers few and far between? - Royal London for advisers

    ...less common than you’d expect. Throw in the fact we have “Assessing Suitability Part 2” looming on the horizon, which the Financial Conduct Authority (FCA) has already acknowledged will focus heavily on retirement income advice, and it becomes a real headscratcher. Perhaps it boils down to the fact...

  • FCA policy statement signals big changes in the pension transfer advice market - Royal London for advisers

    FCA policy statement signals big changes in the pension transfer advice market Justin Corliss 30 June 2020 Share Share Our Senior Pensions Development and Technical Manager, Justin Corliss, considers the main points of policy statement PS20/6 that impact the provision of advice on pension transfers...

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    News

    Blog

  • FCA financial advice market review - Royal London for advisers

    FCA review of the financial advice market Robin Nimmo 23 December 2019 Share Share The FCA is reviewing the impact that the Retail Distribution Review (RDR) and Financial Advice Market Review (FAMR) have had on improving customer outcomes from financial advice and guidance. We consider some...

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    Industry update

    Opinion

    News

    ...

  • FCA produces new rules for Pension Transfers - Royal London for advisers

    FCA produces new rules for pension transfers Justin Corliss 24 April 2018 Share Share Justin Corliss looks at what we know from the recently published FCA consultation paper on pension transfers. On Monday 26 March the FCA released PS18/6, its much awaited response to the CP17/16 consultation paper...

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    News

  • Small advisers still have a role - Royal London for advisers

    ...be lost as businesses grow. FCA figures demonstrate the profitability of smaller companies, with 97 per cent of concerns with between one and five advisers making a profit compared with 73 per cent of those with more than 50 advisers. The figures show these smaller companies are also making more profit...

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    News

    Blog

  • A closer look at consultation paper CP19/25 - Royal London for advisers

    A closer look at consultation paper CP19/25 Justin Corliss 23 August 2019 Share Share Justin Corliss, Senior Business Development Manager at Royal London, reports on the proposed changes in the FCA's recent consultation paper about pension transfers and contingent charging. On 30 July 2019, the FCA...

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    News

    Blog

  • FCA announces further action on defined benefit transfers - Royal London for advisers

    FCA announces further action on defined benefit transfers Justin Corliss 25 July 2019 Share Share On 19 June 2019, the FCA provided an update analysing advice on defined benefit pension transfers since pension freedoms began in 2015. Rather than assessing the quality of advice given, the update...

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    News

    Blog

  • Coronavirus scams - how to spot and avoid them - Royal London for advisers

    . They should also ignore any offers they receive via email, text or online adverts. Clients can check that any firm they deal with appears on the FCA's Register then call the FCA’s Consumer Helpline on 0800 111 6768 to check the firm's allowed to give pensions advice. 2. Advance loan fee fraud This scam...

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    News

    Blog

  • Investment pathways - Royal London for advisers

    Investment pathways 1 December 2020 Share Share Phase 3 of the FCA’s Retirement Outcomes Review will be introduced from 1 February 2021. This phase focuses on: The introduction of ‘investment pathways’ for customers entering drawdown, without taking any financial advice. Making sure that customers...

  • Retirement Outcomes Review phase 3 – a reminder of what’s coming up in February 2021 - Royal London for advisers

    Retirement Outcomes Review phase 3 - a reminder of what’s coming up in February 2021 25 November 2020 The FCA published policy statement PS19/21 in January 2019, setting out phase 3 of their plan to tackle some of the issues they’ve identified in the retirement market. Phase 3 of this Retirement...

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    News

    Blog

  • Retirement Outcomes Review – Part 1 of 2 - Royal London for advisers

    Retirement Outcomes Review - part 1 Robin Nimmo 28 May 2019 The FCA published policy statement PS19/1 at the end of January 2019 detailing the first part of its package of remedies to address the issues they identified in the retirement market. Here we take a look at what the main changes are. Wake...

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    News

    Blog

  • Privacy policy - Royal London for advisers

    , such as: Service providers, for example Underwrite Me who provide our automated underwriting technology. ID authentication and fraud prevention agencies. Auditors. Legal advisers and legal/regulatory bodies. HM Revenue & Customs. Regulators such as the Financial Conduct Authority (FCA...

  • British Steel Pension Scheme independent review - Royal London for advisers

    ...directed members to Unbiased and the FCA register, which the report found weren’t unbiased or fit for purpose respectively. What does the report recommend? TPR and FCA should consult to see if TPR should be given new powers to consider how prepared a scheme is to handle the member consultation...

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    News

    Blog

  • Quick start guide to the Insurance Distribution Directive (IDD) - Royal London for advisers

    ...interests of their customers’. Now this is nothing new in itself as the FCA has always expected firms to do what is right for their customers. The IDD introduces a rule that demands all firms act honestly, fairly and professionally in the customers’ best interests, regardless of their position...

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    Opportunity

    Tools and support

    Blog

    ...

  • Transfers explained - Royal London for advisers

    ...paper by Royal London and consultants LCP has identified major problems in the supply of advice for members of defined benefit pension schemes who are considering transferring out. Helping members access DB transfer advice FCA Defined Benefit Advice Assessment Tool The FCA Defined Benefit Advice...

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    Information and guidance

  • Uncovered - protection blog - Royal London for advisers

    Skip to content Contact us Search Login / Register FOR ADVISERS ONLY Toggle navigation Home Pensions Protection Investment Technical Central Literature library Tools About us Our products Our trusts Tools Service Why choose us? Blog Uncovered - protection blog from Royal London Uncovered is a hub for protection stories, opinions...

  • Latest pension news with Viewpoint - Royal London for advisers

    Skip to content Contact us Search Login / Register FOR ADVISERS ONLY Toggle navigation Home Pensions Protection Investment Technical Central Literature library Tools About us Personal pensions Workplace pensions Investment Income drawdown Tax year end Tools Why us? Welcome to Viewpoint Viewpoint is designed to keep you up to dat...

  • Pension transfer policy statement - Royal London for advisers

    Pension transfer policy statement PS20/6 - a quick summary 5 June 2020 Share Share Today, the FCA released their much anticipated response to the 2019 consultation on Pension transfer advice, PS20/6 –‘Pension transfer advice: feedback on CP19/25: our final rules and guidance’. Commenting on today’s...

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    News

    Blog

  • Governed portfolios due diligence report - Royal London for advisers

    Governed portfolios due diligence report Find out more about what the FCA want you to look at. The FSA outlined in their 2012 consultation paper that if you're recommending a centralised investment proposition (CIP), you need to carry out due diligence on the CIP you're recommending. We've taken...

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    Investment overview

  • Pension news from 2018 - Royal London for advisers

    ...at the planning implications of DB transfers and the LTA. FCA Retirement Outcomes Review final report and consultation Justin Corliss explains the recent FCA review of retirement outcomes. Drawdown trends and safe withdrawal rates We consider the emerging drawdown trends two years since the launch of our...

  • Safeguarded Rights - frequently asked questions - Royal London for advisers

    ...in the transaction to be a pension transfer specialist.  Where firms only want permission to be able to transfer plans where GARs are the only safeguarded benefit, the FCA will consider granting a limited permission. 2.2 Permissive Regime - FCA:GC20/1 Guidance consultation Advising on pension...

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    Frequently asked questions

  • Safeguarded benefits - Royal London for advisers

    ...from the adviser confirming all of the following: They have provided financial advice to the individual on the proposed transaction. They have the appropriate permissions to carry out the transaction. The adviser's FCA registration number to carry out the transaction. The individual's name...

  • Salary exchange calculator - Royal London for advisers

    Salary exchange calculator You can use our calculator to produce statements, detailing total savings, pension contributions and take home pay at employee level. You must have a legal reason for processing the information inputted and consent from the employee to use their information. Required fields are marked with *. Informati...

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    Tools

    Salary exchange

  • Retirement Outcomes Review part 1 - new age-based packs - Royal London for advisers

    Retirement Outcomes Review phase 1 - new age-based packs 30 October 2019 Share Share We’re introducing new-aged based packs as a result of the FCA’s new rules on ‘wake-up packs’. The FCA published policy statement PS19/1 at the end of January 2019, looking at how they plan to tackle some...

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    News

    Blog

  • Pensions technical -useful links - Royal London for advisers

    Pensions technical - useful links We have identified a number of websites which you might find useful. Government Bodies 10 Downing Street Department for Work and Pensions Financial Conduct Authority GOV.UK - Transfer of undertakings (protection of employment) regulations (TUPE) Government Actuary's Department HM Revenue & Custo...

  • Adviser Relationship Pulse Survey - Royal London for advisers

    ...are registered with the FCA and who are resident in the UK and over the age of 18. Only one entry shall be permitted per person Entrants must not be an employee or contractor of the Promoter or any subsidiary of the Promoter or be in any other way connected with this draw (including relatives of any...

  • Meet the team - Royal London for advisers

    ...on the FCA’s recent feedback statement 19/5: Effective competition in non-workplace pensions About the author Dougie Kneller Senior Technical Support Analyst Dougie has worked in Financial Services since the late 1980s. With experience in customer service, product maintenance and more recently...

  • Quick start guide to the Insurance Distribution Directive (IDD) - Royal London for advisers

    ’. Now this is nothing new in itself as the FCA has always expected firms to do what is right for their customers. The IDD introduces a rule that demands all firms act honestly, fairly and professionally in the customers’ best interests, regardless of their position in the distribution chain...

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    Blog

  • Pensions CPD hub - Royal London for advisers

    ...the trends in the pension transfer market since the inception of pension freedoms, including the number of people seeking advice, proceeding to transfer and the value of funds transferred out of DB schemes. The various pieces of research the FCA has published on the topic of pension transfers since pension...

  • Centralised retirement propositions - Royal London for advisers

    ...and integrating these models within formal advice processes. CPD learning outcomes - 60 minutes After watching this webinar you'll be able to: Recognise the FCA’s concerns about retirement income advice. Develop an understanding of the relationship between the PROD rules, centralised investment propositions...

  • Retirement Outcomes Review phase 2 – changes to drawdown key features illustrations - Royal London for advisers

    Retirement Outcomes Review phase 2 – changes to drawdown key features illustrations 2 April 2020 Share Share We’re introducing a new one-page summary and updated New Business drawdown key features illustration as a result of the FCA’s new rules on drawdown and UFPLS disclosure. The FCA published...

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    News

    Blog

  • 65rt01123-key-messages-for-your-suitability-reports.rtf

    For professional advisers only PERSONAL PENSION & INCOME RELEASE KEY MESSAGES FOR YOUR SUITABILITY REPORTS To help you compile your clients’ suitability reports detailing why you’re recommending Royal London as the preferred pension provider, within this document are our Pension Portfolio key messages. It’s important that your s...

  • Our statement on consultation paper 19/25 - Royal London for advisers

    Our statement on consultation paper CP 19/25 7 August 2019 Following the consultation paper CP19/25 released by the FCA on Tuesday 30 July 2019, the advice provided on defined benefits pension transfers looks set for a new wave of scrutiny by the regulator. The key takeaways from this document...

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    News

  • ESG considerations and financial advice – EU regulatory changes - Royal London for advisers

    ...new EU directive. In addition, the FCA has indicated that they will seek to mirror the European initiatives in this area by implementing the rules and making the required changes to COBS. ESG preferences aren’t suddenly going to take precedence over other suitability criteria but it’s another layer...

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.