UK regulator extends 10% drop rule pause
Advice trade body believes the depreciation notice requirement ‘needs further reform in the longer term’
FCA
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FCA to consult on British Steel pension transfer redress
Five months after stating it had ‘insufficient evidence’
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Gam International Management handed £9.1m fine
And ex-bond manager receives a £230,037 penalty
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FCA removes permissions of brokerage firm
Company was never authorised ‘to provide investment services’
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Raymond James acquisition of Charles Stanley delayed
Completion date pushed back as firms do not believe they will get FCA approval in time
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DB transfers drop 25% in a year
People have been ‘paralysed’ by the pandemic
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PEOPLE MOVES: Marlborough, UBS, FCA
Fund manager founder retires, as Swiss giant makes board reshuffle
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FCA eyes ‘fundamental shift’ in customer protection standards
But watchdog criticised for lack of ‘clarity’ and ‘credible regulatory threat’ against ‘bad actors’
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FCA sheds light on LV= takeover
Members will need to vote on two resolutions for the deal to go ahead
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FCA wants to make UK lifeboat scheme ‘fit for the future’
It is seeking views on the purpose, scope and funding of the FSCS compensation framework
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Over 20 mini-bond companies shut up shop in four years
Regulator does not ‘routinely collect data from firms on their issuing/distribution of these products’
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FCA eyes revamp of appointed representative model
In a bid to ‘address the harm arising in this market’