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Weekly Updates

John Lappin

Our Industry Commentator with his top news links each week.

FCA asking questions of the crypto-currencies

How much do advisers need to know about crypto-currencies other than telling clients not to bet any money they can’t afford to lose?

It does appear that the FCA is getting interested at least. A Freedom of Information request shows that the FCA has launched an investigation into 24 crypto firms to date. The main issue appears to be whether they are carrying out what are effectively regulated activities.

Money Marketing looks at the tough line the FCA is taking with Sipp providers including documents it has seen submitted to a judicial review.

Hartley Pensions buys the ‘untainted’ assets of the Lifetime Sipp Company which went into administration earlier this year.

Just 17% of adviser sites list their fees on their website according to research by the Yardstick Agency.

Trade body Pimfa urges the FCA not to ban contingent charging.

Consultancy The Lang Cat suggests advisers should create a panel of platforms with a different one for each client segment.

The Governor of the Bank of England has warned about the dangers of a disorderly Brexit which would impact the trajectory of interest rates and create the need for more quantitative easing.

Standard Life Aberdeen proposes to return £1.7bn to shareholders when the Phoenix deal is completed.

British Steel workers tell New Model Adviser their pension transfer stories. Rather grim reading.

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