UK regulator goes after two introducers over pension transfers
FCA reveals the names of two companies and three individuals
FCA
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Firm set up by jailed IFA must cease regulated business
The founder is serving seven years in jail for a range of offences, including sexual assault
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UK pension scam victims lose £91,000 each
Research shows 253 victims lost more than £23m to pension scams in 2017
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International sandbox to look at cross-border innovation
Dubai, Australia, Hong Kong, Singapore and the US and UK are to collaborate on an innovation network
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Harlequin adviser banned and fined $60,000
The chief executive of a UK advice firm that distributed high-risk Harlequin products has been banned from holding any significant positions of influence or senior management.
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FCA overestimates platform leverage with fund houses
The UK’s Financial Conduct Authority (FCA) has failed to recognise platforms with whole of market fund offerings lack the negotiating power of their peers who have buy lists or limited fund ranges as it calls on the industry to drive down fund fees on behalf of consumers.
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UK regulator must see danger in the Priip Kid
The Association for Investment Companies (AIC) has added its voice to the criticism of the key information document (Kid) required under the retail investment and insurance products (Priip) regulations following a call for feedback by the UK’s Financial Conduct Authority (FCA).
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FCA outlines passporting ‘backstop’ plans for no-deal Brexit
EU firms will be able to continue passporting into the UK if the Brexit transition period is canned, according to the Financial Conduct Authority (FCA) which spelled out its backup plan on 25 July.
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UK IFAs facing advice suitability review in 2019
The Financial Conduct Authority has outlined plans to re-assess the suitability of retail investment advice in 2019, according to its latest annual report.
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Seven steps for better platform client outcomes
From banning exit charges to drawing on the platform industry to tackle orphan clients, the Financial Conduct Authority has outlined seven remedies to improve consumer outcomes.
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FCA told to engage more with professional bodies
A financial services alliance representing 200,000 global members is demanding the UK’s Financial Conduct Authority (FCA) does more to support professionalism in the industry.
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UK not banning unregulated Sipp investments
Despite admitting concerns about scams, the Financial Conduct Authority has confirmed that it is not currently considering barring unregulated or non-standard investments from inclusion in self-invested personal pensions (Sipp).