The UK Court of Appeal has upheld a landmark sentence of 10 years’ imprisonment imposed on former independent financial adviser Phillip Boakes following his conviction on charges brought by the Financial Conduct Authority (FCA).
Two-fifths of UK wealth managers believe robo-advice offers the potential for greater efficiency and to attract new clients in the next five years, according to a survey from Vanguard.
The number of independent and restricted financial advisers in the UK rose by 5% to 22,557 in November 2015, up from 21,496 in October 2014.
The FCA has published terms of reference for its asset management market study, focusing on industry competition, remuneration and the role of investment consultants.
FCA chairman John Griffith-Jones has spoken out on the “realistic, if not ideal” delay to MiFID II, while acknowledging the need for a “less is more” approach to the regulation of wealth managers
The Financial Conduct Authority is hoping its ‘regulatory sandbox’ – a proposed test environment for innovative new products and services – will help retain its position as Europe’s leading fintech centre.
Financial advisers need to ensure they have their say on the UK complaints long-stop proposal to help shape what the legislation could look like, said Zurich’s head of retail platform strategy.
The Financial Conduct Authority (FCA) launched a consultation on Thursday to remove a number of ineffective communication requirements from its Handbook.
UK-based private investment firm Tavistock Investments has placed Standard Financial Group (SFG) and its trading subsidiaries Financial Ltd (FL) and Investments Ltd (IL) into liquidation.
The Association of International Life Offices (AILO) has criticised a claim that life companies are complicit in the distribution of unregulated investment schemes.
The Financial Conduct Authority has banned Kweku Mawuli Adoboli, the former UBS trader who unauthorised trading caused the Swiss bank to lose $2.25bn, from performing any function in relation to any regulated financial activity.
The Financial Conduct Authority has released the names of the members of the external, expert advisory panel that will assist in the Financial Advice Market Review.
