Ex-Keydata employee banned by FCA but escapes £200k fine
The Financial Conduct Authority (FCA) has banned and publicly censured the former compliance officer of disgraced investment firm Keydata.
FCA
-
-
FCA fines former Towry adviser £36k for insider dealing
A British financial adviser has been fined £36,285 (€46,048, $52,086) and banned for two years for insider dealing by the UK’s Financial Conduct Authority (FCA).
-
UK MPs warn pension freedoms to trigger ‘mass mis-selling’
A group of British politicians has warned that the pension freedoms, which came into effect in April last year, are a “potential trigger for future mass mis-selling”.
-
FCA details the prices charged by UK advice firms
UK financial advisers charge between 1% and 4.5% of investible assets for their initial financial planning advice to clients with up to £50,000 ($73,000, €64,000), a survey by the Financial Conduct Authority has found.
-
Panama Papers database to expose over 200,000 offshore firms
More than 200,000 offshore firms will have details of their links to the Panama Papers scandal made available when The International Consortium of Investigative Journalists (ICIJ) launches a searchable database next month.
-
FCA probes a further 44 firms over Panama Papers
The UK’s Financial Conduct Authority (FCA) has asked a further 44 financial services firms to disclose their involvement in the tax-evasive practices uncovered by the Panama Papers leak.
-
UK MPs query regulator over £74m financial adviser levy
The chairman of the UK’s Treasury select committee, Andrew Tyrie, has asked the Financial Conduct Authority (FCA) to explain how it will ensure levy payers are getting value for money.
-
FCA issues 7 scam alerts on unregulated firms in a week
The UK’s Financial Conduct Authority (FCA) has blacklisted a number of firms it believes are providing financial services without authorisation.
-
Bogus UK land bank ordered to pay £21m after losing appeal
A British land bank scam which sold investors small plots of land at hugely inflated prices has been ordered to pay its victims £21m ($30.1m, €26.5m) after losing a Supreme Court appeal which challenged an earlier ruling, the Financial Conduct Authority (FCA) has revealed.
-
FCA warns advisers against provider-paid for rugby matches
The Financial Conduct Authority (FCA) has warned financial advisers in the UK to stop attending hospitality events such as rugby matches, often put on by investment firms looking to sell them products, as it may create conflicts of interest.
-
Fund fees fall by a fifth after RDR
Investors are now paying over a fifth less in annual fund fees as a result of the introduction of the Retail Distribution Review (RDR), according to analysis by online investment platform rplan
-
Bespoke Sipp providers may ‘flounder’ in FCA cap ad changes
A number of British firms offering bespoke self-invested personal pensions (Sipps) could go out of business when the Financial Conduct Authority’s (FCA) new capital adequacy requirements come into force in September, according to James Hay, one of the UK’s largest Sipps providers.