FCA

FCA's acting CEO addressed Mansion House City Banquet

Third non-exec role this year

Regulator 'encouraged' by adviser firms' response but fears potential for bias remains in some firms

Part of consultation on advice gap

Regulator seeks industry views

Aim to improve access to advice

Daniel Godfrey, who resigned yesterday as chief executive of the Investment Association, faced an almost impossible task when he joined the trade body nearly three years ago.

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.

The Financial Conduct Authority (FCA) has revamped its at-retirement rules as a result of pensions freedom and choice reforms which opened up the retirement income market.

Regulator under pressure