Life settlement group to sue unprofessional FCA
An action group will sue the FCA next month for unprofessionally labelling life settlements funds as death bonds.
FCA
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FCA issues final definitions regarding
The Financial Conduct Authority has issued its final definitions of regulated advice and personal recommendations in relation to retail investments.
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Senior partners banned over Arch Cru failings
Two senior figures who were behind the “serious failings” of Arch Financial Products have been fined and banned from the financial services industry, concluding a long-standing legal battle.
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FSCS proposes cut in running costs levy
The UKs financial regulators have proposed a £5.5m ($8.3m, 7.2m) decrease in the Financial Services Compensation Schemes (FSCS) running costs.
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Govt proposes FCA enforcement overhaul
The Government has proposed a revamp of the FCA’s enforcement process to deter wrongdoers and to protect both consumers and the UK markets.
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Jailed IFA banned from industry
A financial adviser who was sentenced to four years imprisonment after he conned elderly clients out of £130,000 has been banned from the industry for life.
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RDR is working says FCA
The FCA has said there is little evidence to suggest the Retail Distribution Review (RDR) has caused any major decline in the availability of financial advice, and has in fact had a positive impact overall.
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EEA action group claims FSA unlawfully restricted
An action group for life settlement fund investors has accused the FSA of unlawfully restricting human rights when it controversially described the products as high risk and toxic in a 2011 warning.
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ExBlackRock MD faces industry ban over
A former BlackRock managing director who avoided £43,000 in ticket fares has been handed an industry ban by the Financial Conduct Authority (FCA).
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FCA says consumers failed by pension market
An FCA study has found that the annuity market is not working well for consumers who continue to miss out on a higher income by not shopping around.
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FCA deeply criticised in Davis
The FCA has been heavily criticised over its handling of plans to conduct a discovery exercise into exit charges on historic life and pensions policies which caused significant short term damage to a number of companys share prices.
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Decision against reckless Holborn IFA delayed
The date of a hearing which will make a final decision on the action taken against a financial adviser who “recklessly” sold high risk investment products to clients in the UK has been pushed back to next year.