FCA switches focus

In December 2021, the United Kingdom’s Financial Conduct Authority (FCA) issued a consultation paper publishing a revised proposed new Consumer Duty that would govern FCA-regulated firms’ interactions with retail clients. According to the FCA, the Consumer Duty would...

Hold tight in market turbulence

The stock market has been rocky lately, and that volatility can be concerning to investors. Coupled with the economic uncertainty we’re facing right now (including surging inflation and potential interest rate hikes this year), some investors worry a crash is...

State Pension system ‘not fit for purpose’

The UK’s state pension payment system is not fit for purpose, resulting in the “shameful shambles” of an underpayment scandal that left tens of thousands of pensioners short-changed, according to a scathing report from a committee of MPs. The public accounts committee...

More high earners considering VCTs

VCTs bounced back in 2020/21, raising 4% more cash than the previous year and almost twice as much as a decade earlier. The current tax year is expected to see even more cash flood in, as investors shelter their money from dividend tax rises in April. But while the...

Plan B measures hit hard and oil prices at a seven year high

Plan B measures hit retailers by more than expected in December as official figures showed sales volumes slumped 3.7%. Clothing retailers and department stores were among the worst affected, with the week’s headline number from the Office for National Statistics much...