Regulator warns CEOs about unfair and misleading marketing
UK watchdog sent a letter after concerns about potential ‘unlawful’ promotion of financial products
FCA
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Cost of bad pension transfer advice doubles in two years
Exclusive data from the FSCS shows £40m was paid in 2018, up from £20m in 2016
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19 firms stop giving pension transfer advice in the UK
Nearly 5,000 transfers were carried out in four years, but this ‘is not surprising’ expert says
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Gender equality shouldn’t be a ‘false consensus’, says FCA
Just talking about diversity won’t cut it, with 300% increase in sexual misconduct complaints in 2018
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Who’s to blame for the pensions transfer debacle?
Some accuse the FCA of using skewed data to paint a negative picture, others fault advisers
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FCA bans director for not disclosing conflict of interest
Initial fine slashed to £20,000 from £154,000
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FCA seeks feedback on patient capital in retail funds
Budget 2018 sought to reduce barriers to investing in illiquid UK growth businesses
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What impact will senior manager changes have on insurers?
All dual-regulated insurance firms now fall under the UK’s Senior Managers and Certification Regime (SMCR)
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UK regulator hitting individuals with bigger fine
FCA denies changing tactics as total value of penalties drops 88% in 2018
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FCA proposes rule change for ‘inherently risky’ products
The regulator is concerned about the ‘poor conduct’ of firms selling binary and CFD products
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Half of pension transfer advice still not suitable
FCA: ‘It is unacceptable that pension transfer advice should persistently remain at such a low level in comparison to investment advice’
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British pensioners think they are too savvy to fall for scams
But victims lost an average £91,000 each in 2017