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FCA financial advice director steps down

Linda Woodall 700 x 450

FCA director of life insurance and financial advice Linda Woodall has stepped down from the regulator.

The FCA has confirmed that Woodall left over the Christmas period.

The regulator understands she intends to retire. A replacement has yet to be appointed.

Woodall took responsibility for supervising advisers and pension providers in September 2015 after a reshuffle at the regulator.

From 2015 until she left she was also acting director of retail and supervision authorities.

From 2013 until March 2015 she was director of mortgages and consumer lending.


Woodall says banks’ complaint-handling process is not working

The Financial Conduct Authority plans to carry out a review of complaint handling in banks and building societies, placing greater onus on the role of senior management. In a speech at a Building Societies Association event last week, FCA director of mortgages and consumer lending Linda Woodall said the regulator will undertake a review of […]

old, pension, retirement, sign

FCA calls on firms to make more products for the elderly

The FCA is calling on firms to design more products that are tailored to older consumers. In a speech yesterday, FCA life insurance and financial advice director Linda Woodall said that as the population ages, it was increasingly important that the elderly received support when they engaged with financial services, including when thinking about retirement. […]


ERC wants FCA clarity over retirement interest-only loans

The Equity Release Council has called for more clarity from the FCA on proposals to bring back retirement interest-only mortgages. Earlier this year the regulator announced a consultation paper on the issue. It says it has found a regulatory barrier to helping older borrowers with maturing interest-only mortgages and those wanting to release equity from […]

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In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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