S African firm to pay £61.9m to cover ‘errors’ at UK arm
It was sold nearly a decade ago but enhanced transfer value liability remains
FCA
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FCA Woodford decision not ready until end of year
Regulator claims to have made ‘substantial’ progress on investigation
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Mass UK adviser exit fails to materialise
A sharp 60% drop had been expected post-RDR, Keith Richards says
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Second Cyprus firm stopped from flogging CFDs to UK investors
Regulator ‘identified serious concerns’ such as ‘failing to allow customers to withdraw funds’
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UK regulator cancels permissions of IFA firm
After it ‘failed’ to comply with two compensation awards and demonstrate it had valid PI cover
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UK regulator takes adviser to court over defrauding creditors
He is also accused of carrying out regulated activities without authorisation
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Latest call for input evidence pensions still too complex
Disengaged investors more susceptible to scams and remain in poor performing products
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FCA targets 24-hour shut down of scam sites
It comes after national newspaper’s campaign saw thousands hand over personal details online
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FCA sets out stronger protection rules for retail investors
Firms will have to follow the guidance or ‘face regulatory action’
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UK lifeboat scheme reduces 2021/22 levy to £833m
Lower forecast sparked by delays in Sipp claims and extension of government support for businesses
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FCA struggles to solve open-ended property fund problem
Proposal for new long-term illiquid asset fund would exclude most retail clients
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FCA close to parking investment scam settlement
Over 4,600 investors put £230m in the scheme which promised up to 12% returns