Prudential hit with nearly £24m FCA fine
Company says it is ‘deeply sorry’ for failures relating to non-advised annuities sales
FCA
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Connaught investigation up and running
Investors in the defunct fund invited to get in touch
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First time access of retirement pots hit £40bn last year
One annuity sold for every three drawdown policies
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PEOPLE MOVES: Zurich, Walker Crips, Close Brothers
Insurance group hires chief risk officer, while UK wealth firm makes double c-suite change
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UK regulator says mistakes recurring in DB transfer market
Watchdog calls on industry to report wrongdoing so the FCA can “act swiftly”
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UK investors saved £70m thanks to Mifid II
As asset managers use own revenue to fund research
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Retail financial services not fully prepared for Brexit, says FCA
But PFS boss warns regulator’s comments show some EU countries could cause problems for UK-based insurers
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Maltese financial services firms face potential fee hike
As regulator looks to reduce its dependence on government funding
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UK financial crime hits ‘epidemic proportions’
But FCA chair says regulator cannot step in to deal with it all
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Financial services firms in Malta to be put on notice
As regulator looks to mimic the UK’s financial crime agency
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Ex Barclays Wealth COO dodges ban over misconduct
But UK regulator issued a public notice regarding his actions
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Firm linked to London Capital & Finance has collapsed
It raised almost £8m by selling mini-bonds to hundreds of investors