The Financial Conduct Authority (FCA) want to completely exclude pension wealth from high net worth investor (HNWI) calculations in order to prevent retirees losing their nest egg in high risk sophisticated investments.
It has proposed an amendment to its ‘certified high net worth investor' and ‘restricted investor' (RI) certification criteria so it is clear that, except where the withdrawals are intended as income in...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash