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.
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.
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.
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.
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.
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?
The Financial Conduct Authority (FCA) has welcomed in a new independent body aimed at restoring the damaged reputation of the financial services industry.
Barclays Bank’s reputation has taken another heavy blow this morning after the Financial Conduct Authority handed it a £26m fine for failing to manage conflicts of interest in relation to gold trading.
A financial adviser who stole £130,000 in savings from vulnerable pensioners and widows has been jailed for three years.
Towergate could be fined by the Financial Conduct Authority (FCA) over the potential mis-selling of two of its products, following discussions with the regulatory body.
The FCA has banned an ex-UBS trader from performing any function in relation to any regulated activity for his hand in unauthorised activity related to $2.3bn in trading losses by another trader.
The FCA has issued a further warning over unsuitable SIPP advice after an investigation into the conduct of financial advisers found serious and ongoing failings.
