FCA: Retirement income advice
FCA has published the text of the letter it has written to CEOs of financial advice firms asking them to review their processes when providing retirement income advice. This follows FCA’s thematic review, also published in full form and in summary, which identified examples of firms not taking account of the needs of their customers. Although most of the advice files FCA reviewed showed advice provided was suitable, in a small number of instances recommendations resulted in consumers losing guarantees or incurring unnecessary charges. To help firms, FCA has published a Retirement Income Advice Assessment Tool (RIAAT) and accompanying instructions. This tool shows how the regulator assessed advice files and shows how firms can assess if their advice is compliant with the rules, including the Consumer Duty. FCA has also published an item on cash flow modelling article which will help firms when undertaking modelling. All of these may be downloaded via the link below.
Last updated · 13 Mar 2026
Regulatory News - Asset Based Financing
See allHMT: Joint EU-UK Financial Regulatory Forum
HMT has published a note of the meeting held on 11 March 2026. Topics included: policy and macroeconomic/financial stability outlooks; banking; digital finance; markets reform, and sustainable finance.
FCA: UK MiFID transparency calculations
FCA has updated its webpage with the latest results of the annual transparency calculations for equity and equity-like instruments for the UK.
FCA: Board minutes
FCA has now published the minutes of its 29 January 2026 board meeting. It is stated that “the Board observed the positive outcomes achieved by driving change through outcomes-focused supervisory activity rather than relying solely on rules”.
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The National Savings (Amendment) Regulations 2026/266
The SI amends the National Savings Regulations 2015 to recognise the new entry age of 18 and omits s 25(7) of the Regulations governing the number of ISAs to be opened in any financial year. (Date in force:: 6 April 2026)
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The Individual Savings Account (Amendment) Regulations 2026/248
The SA amends the Individual Savings Account Regulations 1998 to deliver the Government’s decision to allow LTAFs to be qualifying investments for a stocks and shares ISA. It also delivers the Government’s decision that cryptoasset exchange traded notes (cETNs) are to be qualifying investments for an Innovative Finance ISA. (Date in force: 6 April 2026)
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