The majority of UK-based advisory firms receive most of their recurring revenue from fees, a sure sign that many have made significant changes to their business models in the run up to next year’s ‘sunset’ deadline.
The Financial Conduct Authority (FCA) has announced two senior appointments as part of an ongoing reshuffle following the sacking of its chief executive Martin Wheatley.
Advisory firms should not “rule by fear” and put undue pressure on staff if they underperform against sales targets, the Financial Conduct Authority has said in new guidance issued on Monday.
More than two thirds of the £3.2m in compensation owed to investors of Hartmann Capital has been paid out after the firm was shut down by the Financial Conduct Authority for having a £1.5m shortfall in clients’ money.
A group of investors into a troubled life settlements fund has had its claim against the FCA and the UK Government rejected by the European Court of Human Rights.
The independent panels of the FCA have questioned the regulator over its handling of the UK advice gap created following the banning of commission payments to advisers in 2012 as a result of the Retail Distribution Review.
The surprise departure of Martin Wheatley as head of the Financial Conduct Authority could be an opportunity for the UK regulator to refocus activity on small-scale fraudsters who target the unsophisticated retail investor, says City law firm RPC.
The head of the UK’s Financial Conduct Authority, Martin Wheatley, has resigned as chief executive with effect from 12 September.
A software provider has unveiled a new version of its complaints management programme to help UK advisory firms stay compliant to continually changing regulations.
The Financial Conduct Authority (FCA) has published a final set of rules designed to improve individual accountability and raise standards across the City of London.
SIPP providers should be held fully accountable where an investor has not taken financial advice, a law firm has said in a letter to the chief of the Financial Conduct Authority (FCA).
The Association of Professional Financial Advisers (APFA) has urged the UK Government to overhaul financial regulation to reduce the burden placed on financial advisers.
