UK wealth manager WH Ireland has been fined £1.2m ($1.7m) and restricted for 72 days from taking on new corporate broking clients for failing to sufficiently protect against the risk of market abuse.
Many financial advisers are not doing enough to “challenge the status quo” around the products and services they offer to clients, according to the Financial Conduct Authority.
More than 100 people who invested in a fraudulent collective scheme will collectively receive around £2.9m compensation following the successful prosecution of a fake foreign exchange trader under the Proceeds of Crime Act 2002 (POCA).
A return to commission payments would be a huge step backwards and contrary to the retail distribution review, said industry leaders after the Financial Conduct Authority’s (FCA) interim chief executive failed to rule out a return to commission payments.
The new chief executive of the UK’s Financial Conduct Authority (FCA) has been named as Andrew Bailey, the Bank of England’s deputy governor for prudential regulation and chief executive of the Prudential Regulation Authority (PRA).
The UK pensions minister Ros Altmann says the new powers handed to the Financial Conduct Authority to cap exit fees on savers seeking access to their pension pots will apply equally to occupational and work-based personal schemes.
Firms authorised by the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will have to collectively pay £363m ($518m, €475m) to fund the Financial Services Compensation Scheme (FSCS) in 2016/17, an increase of 13.1% from £319m in 2015/16.
The Financial Conduct Authority is considering reintroducing limited commission payments for certain retail products.
With the news that the FCA’s search for its next chief is ongoing, here’s our crack at what the job description might look like.
The Financial Conduct Authority (FCA) has published its latest quarterly data on how consumers accessed their pensions in the period from the beginning of July to the end of September 2015. The sample of firms in the survey covers an estimated 95% of defined contribution (DC) contract-based pension schemes. Please click on the pictures below…
The acting head of the Financial Conduct Authority (FCA), Tracey McDermott, has ruled herself out of taking on the job full-time, according to UK chancellor George Osborne.
Tracey McDermott, acting chief executive of the Financial Conduct Authority, has emerged as the frontrunner to take the top job at the City regulator, according to a report in the Sunday Times.
