Publication
New competition legal framework in Mexico: What you need to know
A major reform to the Mexican Federal Economic Competition Law has been published in the Federal Register, and is set to become effective.
New FCA webpage on reporting concerning pension transfer requests
United Kingdom | Publication | March 2023
On February 16, 2023, the FCA launched a new webpage encouraging pension schemes and trustees to report to the FCA if, having carried out checks, they have serious concerns about a pension transfer.
The FCA wants to know about the following:
The FCA wants to know about the following:
- Individuals who provide unauthorised advice on pension transfers.
- Increases in the volume of transfers advised by the same adviser.
- If a member requested a transfer following a cold call or unsolicited contact, or a member has been offered an incentive to make a transfer.
- If a scheme has high risk or unregulated investments, its charges are unclear or high, or its investment structure is unclear, complex or unorthodox.
- Potential scam activity.
The webpage also details issues for trustees to consider where a member may have received unauthorised advice. Once trustees have identified their concerns, the FCA sets out the information which should be provided and the reporting process.
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