Product governance rules high on UK regulator’s agenda
The FCA’s focus around Mifid II in 2018 was on cost and charges
FCA
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UK regulator admits adequacy of advice still a concern
Number of people investing up but risk of ‘poor value’ services still high Click through the slides below to see the key concerns flagged up by the Financial Conduct Authority.
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Regulator warns CEOs about unfair and misleading marketing
UK watchdog sent a letter after concerns about potential ‘unlawful’ promotion of financial products
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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