Naidheachdan peinnsein: Atharrachadh dha na milleanan fo phlanaichean ùra FCA


Tha an t-Ùghdarras Giùlain Ionmhais (FCA) ag amas air dèiligeadh ris a’ bheàrn eadar comhairle ionmhais a dh’aona-ghnothach, far am faigh daoine moladh pearsanta gus an fheum as fheàrr a dhèanamh den airgead aca, agus stiùireadh, far a bheil cothrom an-asgaidh aig daoine air fiosrachadh fìrinneach mu airgead bho thùsan leithid companaidhean agus an t-seirbheis MoneyHelper le taic bhon Riaghaltas.

Is dòcha gum bi e doirbh do chuid de dhaoine roghainnean cudromach a dhèanamh mu na sàbhalaidhean beatha aca gun chuideachadh – agus dh’ fhaodadh cuid a bhith air an dealachadh ri linn “buaidh ostrich” a bhith fo eagal gum bi fios aca air fìrinn nam poitean peinnsein aca.

Bheireadh taic cuimsichte cothrom do chompanaidhean taic a thoirt seachad ann an diofar shuidheachaidhean, mar eisimpleir, ma tha coltas ann gu bheil cuideigin a’ tarraing a-nuas air a’ pheinnsean aca gu neo-sheasmhach, no far a bheil neach-sàbhalaidh mu choinneimh mì-chinnt mu mar a ghabhas iad teachd-a-steach cluaineis.

Chitheadh ​​​​an gluasad daoine molaidhean air an leasachadh airson buidheann de luchd-ceannach coltach ris a ’roinn feartan seach a bhith stèidhichte air suidheachadh mionaideach cuideigin, mar a bhiodh fìor le comhairle ionmhais sònraichte.

Dh’ fhaodadh gum bi cuid de dhaoine a gheibh taic cuimsichte air am brosnachadh leis a’ bhuaidh air an ionmhas aca gus pàigheadh ​​airson comhairle ionmhais.

Dh’ fhaodadh taic cuimsichte a bhith air a thoirt seachad gus casg a chuir air daoine bho bhith a’ tasgadh ann an dòigh neo-iomchaidh no neo-èifeachdach.

Tha an FCA a’ moladh gun tèid taic chuimsichte a thoirt seachad an-asgaidh agus tha iad a’ sireadh bheachdan air na molaidhean aige ro mheadhan a’ Ghearrain 2025.

Tha dùil aca co-chomhairle a chumail as t-samhradh 2025 air na riaghailtean a chruthaicheadh ​​frèam ùr.

Tha na molaidhean mar phàirt de sgrùdadh nas fharsainge air mar a tha a’ chrìoch eadar comhairle agus stiùireadh air tasgaidhean ag obrachadh.


Leughadh air a mholadh:


Tha an FCA ag iarraidh gum bi cothrom aig daoine air barrachd cuideachaidh, stiùireadh agus comhairle thar gach taobh de am beatha ionmhais.

Nì an riaghlaiche tuilleadh mholaidhean mu bhith a’ toirt a-steach bun-bheachdan taic cuimsichte agus comhairle nas sìmplidhe airson tasgaidhean reic eile an ath-bhliadhna.

Thuirt Sarah Pritchard, stiùiriche gnìomh luchd-cleachdaidh, farpais agus eadar-nàiseanta aig an FCA: “Tha sinn airson gum bi cothrom aig daoine air a’ chuideachadh, an stiùireadh agus a’ chomhairle a tha a dhìth orra, aig cosgais as urrainn dhaibh a phàigheadh, nuair a tha feum aca air, gus am bi cothrom aca air a’ chuideachadh, an stiùireadh agus a’ chomhairle a tha a dhìth orra. comasach air co-dhùnaidhean fiosraichte a dhèanamh. Mar sin, tha sinn a ‘dèanamh ath-sgrùdadh air a’ chrìoch eadar stiùireadh agus comhairle thar thasgaidhean.

“Tha fios againn gu bheil e doirbh do dhaoine peinnseanan a thuigsinn, agus mar sin tha sinn a’ tòiseachadh a dh’aona ghnothach le website positioning gus luchd-cleachdaidh a chuideachadh le na co-dhùnaidhean peinnsein aca.

“Ma gheibh sinn website positioning ceart, gheibh luchd-cleachdaidh taic nas fheàrr ann a bhith a’ dèanamh cho-dhùnaidhean ionmhais. Dh’ fhaodadh website positioning leantainn gu barrachd dhaoine a’ tasgadh a chuidicheas le bhith a’ toirt seachad calpa a tha riatanach gus fàs eaconamach a bhrosnachadh.”

Tha dùil gun àrdaich pàighidhean peinnsein na stàite an ath-bhliadhna

Gheall Rachel Reeves £470 a bharrachd do luchd-peinnsein an ath-bhliadhna, agus i a’ cumail ri dealas an Riaghaltais airson glasadh trì-pheinnseanan.

Tha a’ ghlas trì-fhillte a’ gealltainn àrdachadh ann am peinnseanan a rèir cosnaidh cuibheasach, atmhorachd no 2.5%, ge bith dè as àirde.

A’ dèanamh an naidheachd thuirt an Seansalair: “Tha an dealas website positioning a’ ciallachadh ged a thèid sochairean aois obrach àrdachadh a rèir CPI aig 1.7%, gun tèid am peinnsean stàite bunaiteach agus ùr àrdachadh 4.1% ann an 2025-26.

“Tha website positioning a’ ciallachadh gum faigh còrr air 12 millean neach-peinnsein suas ri £470 an ath-bhliadhna.”

Thuirt i: “Àrdaichidh gealltanas ìre creideas peinnsein 4.1% cuideachd bho timcheall air £11,400 sa bhliadhna gu timcheall air £11,850 airson aon pheinnseanair.”




#Naidheachdan #peinnsein #Atharrachadh #dha #milleanan #phlanaichean #ùra #FCA


York Press | Information


#Naidheachdan #peinnsein #Atharrachadh #dha #milleanan #phlanaichean #ùra #FCA


, 2024-12-12 08:54:00

Tens of millions of individuals may get extra assist with their pensions underneath FCA plans


Sarah Pritchard, government director of shoppers, competitors and worldwide on the FCA, mentioned: “We wish folks to have entry to the assistance, steering and recommendation that they want, at a price they’ll afford, after they want it, in order that they’ll make knowledgeable selections. So, we’re reviewing the boundary between steering and recommendation throughout investments.


#Tens of millions #folks #assist #pensions #FCA #plans


The Commonplace


#Tens of millions #folks #assist #pensions #FCA #plans


Vicky Shaw , 2024-12-11 22:30:00

Hundreds of thousands of individuals may get extra assist with their pensions beneath FCA plans


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Hundreds of thousands of pension savers may get extra assist to handle their cash beneath new proposals set out by the Metropolis regulator.

The Monetary Conduct Authority (FCA) goals to handle the hole between bespoke monetary recommendation, the place folks obtain a private advice to profit from their cash, and steering, the place folks have free entry to factual details about cash from sources similar to corporations and the Authorities-backed MoneyHelper service.

Some folks could wrestle to make essential selections about their life financial savings with out assist – and a few could also be disengaged because of the “ostrich impact” of fearing understanding the fact of their pension pots.

Focused assist would enable corporations to supply assist in several eventualities, for instance, if somebody seems to be drawing down on their pension unsustainably, or the place a saver is dealing with uncertainty about tips on how to take a retirement earnings.

We would like folks to have entry to the assistance, steering and recommendation that they want, at a value they’ll afford, once they want it

Sarah Pritchard, FCA

The transfer would see folks obtain strategies developed for a bunch of comparable shoppers sharing traits moderately than being based mostly on somebody’s detailed circumstances, as could be the case with bespoke monetary recommendation.

Some folks receiving focused assist could probably be spurred on by the impression on their funds to pay for monetary recommendation.

Focused assist may very well be given to assist forestall folks investing inappropriately or inefficiently.

The FCA is suggesting that focused assist is offered without spending a dime and it’s searching for views on its proposals by mid-February 2025.

It expects to seek the advice of in summer season 2025 on the principles that will create a brand new framework.

The proposals are a part of a wider assessment of how the boundary between recommendation and steering on investments operates.

The FCA needs folks to have entry to extra assist, steering and recommendation throughout all points of their monetary lives.

We all know folks discover pensions notably obscure, so we’re intentionally beginning with this to assist shoppers with their pension choices

Sarah Pritchard, FCA

The regulator will make additional proposals on introducing ideas of focused assist and simplified recommendation for different retail investments subsequent yr.

In 2022, the Authorities introduced plans to basically assessment how the boundary between recommendation and steering on investments is working. The Recommendation Steering Boundary Evaluation (AGBR) is being carried out by the FCA, along side the Treasury.

Greater than 16 million folks within the UK save for his or her retirement into outlined contribution (DC) pension schemes – with the saver bearing the danger of the eventual measurement of their pension pot, as a consequence of components similar to the quantity paid in and funding efficiency.

However in keeping with the FCA’s 2024 monetary lives survey, 75% of over-45s shouldn’t have a transparent plan for tips on how to take cash from their pension or didn’t know that they had to select.

Lower than one in 10 (9%) adults have taken full regulated recommendation previously 12 months, in keeping with the analysis.

The FCA can be searching for views on whether or not additional adjustments is perhaps wanted to higher assist folks, similar to using digital instruments, consolidation of pension pots and the principles round self-invested private pensions (Sipps).

The FCA’s proposals would enable us to have conversations with prospects which weren’t doable earlier than and that is due to this fact welcome

Pete Glancy, Scottish Widows

Sarah Pritchard, government director of shoppers, competitors and worldwide on the FCA, stated: “We would like folks to have entry to the assistance, steering and recommendation that they want, at a value they’ll afford, once they want it, in order that they’ll make knowledgeable choices. So, we’re reviewing the boundary between steering and recommendation throughout investments.

“We all know folks discover pensions notably obscure, so we’re intentionally beginning with this to assist shoppers with their pension choices.

“If we get this proper, shoppers shall be higher supported in making monetary choices. This can probably result in extra folks investing which is able to assist present capital essential to stimulate financial progress.”

Pete Glancy, head of pension coverage, Scottish Widows, stated: “Folks need significant assist from specialists in terms of making large choices and monetary specialists similar to pension suppliers want to seek out methods of steering folks in direction of good outcomes and away from dangerous or damaging conditions.

“The FCA’s proposals would enable us to have conversations with prospects which weren’t doable earlier than and that is due to this fact welcome.”

Rob Yuille, head of long-term financial savings on the Affiliation of British Insurers (ABI), stated: “We all know how complicated navigating the monetary world could be for shoppers, and acceptable assist is important.

“Latest analysis we carried out on pensions withdrawals reveals that steering personalised to the buyer can enhance decision-making significantly. That’s why we’re more than happy to see the FCA set out its proposals for extra assist, and stay up for responding to its session.”

Alice Haine, private finance analyst at Bestinvest by Evelyn Companions, the net funding service, stated: “The FCA’s proposal to spice up the extent of assist pension savers have entry to is a crucial step to make sure extra shoppers could make knowledgeable choices about their retirement saving.

“It’s properly documented that the UK has an ‘recommendation hole’, with wealthier folks keen to pay for personalised monetary recommendation to handle their financial savings and investments, whereas these with extra modest financial savings are much less inclined to take action. This could both be as a result of they don’t assume their stage of wealth requires it, really feel they can not afford recommendation or as a result of they’re not sure of the advantages.

“This may be notably problematic for folks’s retirement financial savings as many are failing to save lots of sufficient into their pension to afford the snug way of life they want after they cease working.

“But the choices on tips on how to put together for retirement and entry pension advantages are among the many most consequential ones most individuals will make of their lives.”


#Hundreds of thousands #folks #assist #pensions #FCA #plans


The Unbiased


#Hundreds of thousands #folks #assist #pensions #FCA #plans


Vicky Shaw , 2024-12-11 22:30:00

FCA branded ‘incompetent’ and ‘poisonous’ by its personal workers


Your help helps us to inform the story

From reproductive rights to local weather change to Large Tech, The Unbiased is on the bottom when the story is creating. Whether or not it is investigating the financials of Elon Musk’s pro-Trump PAC or producing our newest documentary, ‘The A Phrase’, which shines a lightweight on the American ladies preventing for reproductive rights, we all know how essential it’s to parse out the info from the messaging.

At such a crucial second in US historical past, we want reporters on the bottom. Your donation permits us to maintain sending journalists to talk to either side of the story.

The Unbiased is trusted by Individuals throughout your complete political spectrum. And in contrast to many different high quality information shops, we select to not lock Individuals out of our reporting and evaluation with paywalls. We consider high quality journalism must be accessible to everybody, paid for by those that can afford it.

Your help makes all of the distinction.

A report by a gaggle of MPs stated that the UK’s Metropolis watchdog is “incompetent”, after proof from former and present staff was made public.

The Monetary Conduct Authority (FCA) oversees banks and different finance corporations in Britain and has been the topic of a lot criticism from witnesses’ testimony compiled by the all-party parliamentary group of MPs on funding fraud and fairer monetary providers.

The FCA has been topic to elevated scrutiny after quite a lot of high-profile incidents, together with the collapse of quite a lot of controversial investments – which critics branded as scams and say the FCA ought to have noticed – and a whistleblower scandal.

It was based after the monetary disaster when its predecessor, the disbanded Monetary Providers Authority, was seen as too weak. It’s now dealing with accusations that additionally it is too near the businesses it’s meant to manage.

The report, compiled by a gaggle of 30 MPs and 14 friends drew on 175 testimonials and concludes that “the image painted just isn’t fairly”.

In keeping with the testimony, one worker of the watchdog stated: “The FCA is an unprofessional and incompetent organisation – the tradition is just that you’re anticipated to not deviate from the message, that ExCo [executive committee] and the FCA as a complete are apparently doing ‘excellently’.”

In addition they stated the tradition was “poisonous”, risk-averse and based on “self-interest and self-protection”.

A separate, former FCA employee criticised the corporate’s therapy of whistleblowers. They stated {that a} whistleblower had their residence visited on 20 minutes’ discover to ”confiscate their work laptop computer and perform search actions on the entire whistleblower’s private IT units”.

They stated: “This visitation try was aggressive, and fully sudden and unsolicited”.

The MPs additionally heard from Ian Davis, who tragically took his personal life after dropping £618,600 after investing in what turned out to be a rip-off.

He invested in London Capital & Finance Plc, which was described as a Ponzi scheme by the Excessive Courtroom final week after its £237m collapse.

A Ponzi scheme gathers buyers’ cash and makes use of new funding money to pay current savers to mimic excessive returns. However schemes of this nature want an infinite provide of latest cash to proceed, and as new cash dries up, they’re unable to pay returns and collapse.

Mr Davis stated on the time: “I’ve requested the FCA what due diligence they carried out & they received’t inform me.”

He added that the FCA wants “a functioning system for reporting & recognising crime.”

“This has completely ruined my life! I’ve misplaced my life financial savings & must promote my home that I used to be renovating, I now don’t have the earnings or time as I’ve to work additional time as a substitute of counting on my earlier financial savings earnings.”

An FCA spokesperson stated: “We sympathise with those that have misplaced out on account of wrongdoing in monetary providers, nevertheless we strongly reject the characterisation of the organisation.  We’ve realized from historic points and reworked as an organisation so we are able to ship for customers, the market and the broader financial system.”

Final month the watchdog’s chair was cleared of wrongdoing after an investigation concerning his dealing with of a whistleblower’s criticism.

A former worker claimed Ashley Alder didn’t maintain their identification secret. The investigation discovered that he had sought to comply with by means of on the criticism.

If you’re experiencing emotions of misery, or are struggling to manage, you possibly can converse to the Samaritans, in confidence, on 116 123 (UK and ROI), electronic mail jo@samaritans.org, or go to the Samaritans web site to seek out particulars of your nearest department.


#FCA #branded #incompetent #poisonous #workers


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Howard Mustoe , 2024-12-11 08:57:00

Reducing pink tape may entice extra dangerous actors in finance sector, says FCA boss


Your assist helps us to inform the story

From reproductive rights to local weather change to Massive Tech, The Unbiased is on the bottom when the story is growing. Whether or not it is investigating the financials of Elon Musk’s pro-Trump PAC or producing our newest documentary, ‘The A Phrase’, which shines a light-weight on the American ladies preventing for reproductive rights, we all know how necessary it’s to parse out the information from the messaging.

At such a important second in US historical past, we want reporters on the bottom. Your donation permits us to maintain sending journalists to talk to either side of the story.

The Unbiased is trusted by Individuals throughout your entire political spectrum. And in contrast to many different high quality information retailers, we select to not lock Individuals out of our reporting and evaluation with paywalls. We imagine high quality journalism needs to be out there to everybody, paid for by those that can afford it.

Your assist makes all of the distinction.

The boss of the UK monetary regulator has warned it won’t “be capable of cease every little thing”, amid issues that plans to chop pink tape will encourage dangerous actors.

Monetary Conduct Authority (FCA) chief government Nikhil Rathi instructed MPs on the Treasury Choose Committee that there will likely be elevated risk-taking as a part of proposed adjustments by Authorities.

Chancellor Rachel Reeves pledged final month rip up monetary pink tape, saying that regulatory adjustments after the 2008 financial crash have “gone too far,” in a speech at Mansion Home.

Mr Rathi stated: “If you’re going to enable extra threat into the system, sadly, within the monetary companies business it might probably entice those who don’t have one of the best of intentions.

“And we aren’t going to in a position to cease every little thing.”

The Chancellor known as on regulators, together with the FCA, to push for a larger deal with development, to spice up the economic system over the approaching years.

Mr Rathi additionally stated on Tuesday that its shake-up of UK itemizing reforms, designed to assist drive extra exercise within the markets, may result in some failures.

He added: “This was a really energetic debate, however all the way in which we’ve stated very overtly that extra issues will go mistaken over time.

“I don’t know when, however one or two issues will go mistaken and that’s essential to shift the danger urge for food that the economic system wants for development.

“The check will come when these issues do occur and what the tolerance right here is in Parliament once they crystalise.”

Client teams warned the FCA earlier this month that prioritising development may do extra hurt than good for unusual folks.


#Reducing #pink #tape #entice #dangerous #actors #finance #sector #FCA #boss


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Henry Saker-Clark , 2024-12-10 13:39:00

Slicing pink tape might entice extra dangerous actors in finance sector, says FCA boss



Nikhil Rathi advised MPs on the Treasury Choose Committee that there can be elevated risk-taking as a part of proposed adjustments by Authorities.


#Slicing #pink #tape #entice #dangerous #actors #finance #sector #FCA #boss


The Commonplace


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Henry Saker-Clark , 2024-12-10 13:39:00