FCA seeks redress for investors
The Financial Conduct Authority has said it is negotiating a settlement for investors in the failed Connaught Income Funds.
FCA
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fca recommends unbundling research
The Financial Conduct Authority has recommended sweeping structural changes to the type of research investment managers can pay for with dealing commissions.
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post rdr adviser world struck by costs
Regulations should be pared down and costs reduced to foster a competitive and sustainable adviser market, a report compiled by APFA revealed.
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Ex Schroders trader charged with insider dealing
The Financial Conduct Authority has charged a former Schroders equities trader with nine counts of insider dealing.
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Credit Suisse and Yorkshire Building Society fined
Credit Suisse International (CSI) and Yorkshire Building Society have been fined £3.8m by the Financial Conduct Authority for misleading investors on a widely sold structured product.
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FCA says banks paid 11bn for swap miss selling
Banks nabbed selling miss-selling interest rate hedging products have forked out £1.1bn in compensation, the FCA said.
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fca issues far-reaching client money changes
The UK’s Financial Conduct Authority has signalled a sharper regulatory focus on holding client money with the publication of its policy statement today, and the prospect of other jurisdictions following suit.
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ABI branded unfair for doubting
A senior figure at Fidelity Worldwide Investment has criticised the Association of British Insurers (ABI) for its unfair claim that providers are not a suitable choice to deliver the guidance guarantee announced in this years Budget.
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Firms face 460m annual bill for regulation
Advisory firms based in the UK are spending an estimated £460m each year on the direct and indirect cost of regulation, according to a recent study.
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Coutts reviews client advice
Coutts has written to clients to inform it is conducting a review into the suitability of its historic investment advice, a response to the regulators Dear CEO letters sent in 2011.
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APFA criticises FCA over its scrapping of fee
The Association of Professional Financial Advisers (APFA) has said it is disappointed in the FCAs decision to scrap a review of the methods it uses to calculate regulatory fees.
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FCA in circles over simplified advice
FCA chief Martin Wheatley has stressed the need to “square the circle of selling complex products to so-called unsophisticated investors”, but are we really any clearer on the shape of things to come?