In a highly unusual step, the Financial Conduct Authority has issued a statement urging investors in the EEA Life Settlements Fund to make a complaint to the firm which sold the investments before time runs out.
The Financial Conduct Authority has fined Barclays Bank just under £38m for failing to protect clients custody assets worth £16.5bn.
The IMA has said the UKs Financial Conduct Authority (FCA) must clarify the difference between guidance and regulated advice if it is to set up a free guidance service for retirees.
A proposed levy to pay for the UKs guidance guarantee would be unfair on advisers and consumers, according to IFA trade body APFA.
An ex-partner at St. Jamess Place faces an industry ban and a £300,000 fine after his clients lost millions through investments into companies that he controlled.
The Financial Conduct Authority has fined and banned an IFA for life after he was found to have sold unregulated funds to retail investors.
Requests to the UK’s Financial Conduct Authority from international regulators increased last year as a result of more cross-border investigations.
Market abuse was one of the Financial Conduct Authoritys most handled offences in 2013, with the regulator issuing over £340m worth of fines for the crime.
The Financial Services Compensation Scheme (FSCS) has declared four IFA firms in default after they proved unable to compensate an increasing amount of SIPP complaints made against them.
Lloyds Banking Group has been fined £105m by the FCA over extremely serious SLS and LIBOR rigging in the regulators third highest fine of all time.
The Financial Conduct Authority has fined the ex-chairman of JP Morgan Cazenove, Ian Hannam, £450,000 for two instances of market abuse.
The Association of Professional Financial Advisers (APFA) has said the FCA should review the advice consumers receive as they approach retirement, during what it calls an unprecedented period of change for the UK.
