http://www.moneymarketing.co.uk http://www.moneymarketing.co.uk http://www.moneymarketing.co.uk/magazine/graphics/logo.png http://www.moneymarketing.co.uk http://www.moneymarketing.co.uk/regulation/treasury-report-independent-scotland-could-see-advisers-regulatory-costs-soar/1071430.article http://www.moneymarketing.co.uk/regulation/treasury-report-independent-scotland-could-see-advisers-regulatory-costs-soar/1071430.article Treasury warns if Scotland is to break away from the rest of the UK it would need a separate financial services regulator. Mon, 20 May 2013 10:44 GMT http://www.moneymarketing.co.uk/politics/labour-peer-calls-for-fca-expansion-to-help-smes-chase-debts/1071354.article http://www.moneymarketing.co.uk/politics/labour-peer-calls-for-fca-expansion-to-help-smes-chase-debts/1071354.article The FCA is funded by the financial services industry but Lord Gordon Borrie says it should help SMEs chase debts. Fri, 17 May 2013 13:23 GMT http://www.moneymarketing.co.uk/money-advice-service-calls-for-evidence-to-help-form-new-five-year-strategy/1071332.article http://www.moneymarketing.co.uk/money-advice-service-calls-for-evidence-to-help-form-new-five-year-strategy/1071332.article The Money Advice Service is calling for evidence as part of a major study into financial wellbeing in the UK. Fri, 17 May 2013 10:11 GMT http://www.moneymarketing.co.uk/mortgages/brokers-dismiss-toothless-payday-lender-supervisory-body/1071076.article http://www.moneymarketing.co.uk/mortgages/brokers-dismiss-toothless-payday-lender-supervisory-body/1071076.article The new independent supervisory body will not have direct powers to revoke consumer credit licences. Fri, 17 May 2013 08:30 GMT http://www.moneymarketing.co.uk/pensions/euro-regulator-sets-out-pensions-tax-harmonisation-proposals/1071319.article http://www.moneymarketing.co.uk/pensions/euro-regulator-sets-out-pensions-tax-harmonisation-proposals/1071319.article Eiopa has published a discussion paper on measures needed to create a single market for personal pensions in Europe. Fri, 17 May 2013 08:29 GMT http://www.moneymarketing.co.uk/adviser-news/mps-back-arch-cru-legal-battle/1071245.article http://www.moneymarketing.co.uk/adviser-news/mps-back-arch-cru-legal-battle/1071245.article MPs George Galloway and Anne Begg backed IFA Centre’s legal case against Capita, but Guy Opperman warned investors may be better off accepting the compensation deal.  Thu, 16 May 2013 09:51 GMT http://www.moneymarketing.co.uk/regulation/scottish-widows-and-nucleus-in-legacy-clash/1070881.article http://www.moneymarketing.co.uk/regulation/scottish-widows-and-nucleus-in-legacy-clash/1070881.article Nucleus says treatment of legacy customers is “disingenuous”, while Scot Wids argues there are few legacy contracts with high charges. Thu, 16 May 2013 00:00 GMT http://www.moneymarketing.co.uk/regulation/spirit-of-the-rdr-regulation-risks-uncertainty/1070903.article http://www.moneymarketing.co.uk/regulation/spirit-of-the-rdr-regulation-risks-uncertainty/1070903.article Tatton Investment Management is worried about how the regulator will decide what is in the spirit of the RDR rules. Thu, 16 May 2013 00:00 GMT http://www.moneymarketing.co.uk/regulation/yorkshire-and-clydesdale-banks-set-aside-further-38m-for-redress/1071052.article http://www.moneymarketing.co.uk/regulation/yorkshire-and-clydesdale-banks-set-aside-further-38m-for-redress/1071052.article The banks have made the provision for “customer redress issues” including £15m for interest rate swap misselling. Thu, 16 May 2013 00:00 GMT http://www.moneymarketing.co.uk/pensions/labour-examines-single-pensions-regulator-proposal-in-policy-review/1071114.article http://www.moneymarketing.co.uk/pensions/labour-examines-single-pensions-regulator-proposal-in-policy-review/1071114.article Shadow pensions minister Gregg McClymont says the existing regulatory system is “not fit for purpose”. Thu, 16 May 2013 00:00 GMT http://www.moneymarketing.co.uk/regulation/fca-we-are-looking-at-whether-rdr-achieved-its-goals/1071201.article http://www.moneymarketing.co.uk/regulation/fca-we-are-looking-at-whether-rdr-achieved-its-goals/1071201.article FCA director of supervision Clive Adamson says the regulator is looking at whether the RDR has been a success so far. Wed, 15 May 2013 11:50 GMT http://www.moneymarketing.co.uk/investments/government-launches-consultation-on-transferring-ctfs-to-jisas/1071134.article http://www.moneymarketing.co.uk/investments/government-launches-consultation-on-transferring-ctfs-to-jisas/1071134.article The Government is consulting on allowing savings to be transferred from Child Trust Funds to Junior Isas. Tue, 14 May 2013 13:55 GMT http://www.moneymarketing.co.uk/pensions/labour-examines-single-pensions-regulator-proposal-in-policy-review/1071064.article http://www.moneymarketing.co.uk/pensions/labour-examines-single-pensions-regulator-proposal-in-policy-review/1071064.article Shadow pensions minister Gregg McClymont says the existing regulatory system is “not fit for purpose”. Mon, 13 May 2013 13:23 GMT http://www.moneymarketing.co.uk/regulation/co-op-plans-strategic-review-to-plug-bank-capital-shortfall/1071018.article http://www.moneymarketing.co.uk/regulation/co-op-plans-strategic-review-to-plug-bank-capital-shortfall/1071018.article Incoming Co-operative Group chief executive Euan Sutherland will review the entire business. Mon, 13 May 2013 10:00 GMT http://www.moneymarketing.co.uk/regulation/fcas-wheatley-proposes-dual-track-system-to-replace-libor/1071013.article http://www.moneymarketing.co.uk/regulation/fcas-wheatley-proposes-dual-track-system-to-replace-libor/1071013.article FCA chief executive says a parallel system would provide continuity for holders of $350tn (£228tn) in existing contracts that reference Libor. Mon, 13 May 2013 08:58 GMT http://www.moneymarketing.co.uk/regulation/yorkshire-and-clydesdale-banks-set-aside-further-38m-for-redress/1071002.article http://www.moneymarketing.co.uk/regulation/yorkshire-and-clydesdale-banks-set-aside-further-38m-for-redress/1071002.article The banks have made the provision for “customer redress issues” including £15m for interest rate swap misselling. Mon, 13 May 2013 08:46 GMT http://www.moneymarketing.co.uk/adviser-news/consumer-finance-association-sets-up-supervisory-body-for-payday-lenders/1071007.article http://www.moneymarketing.co.uk/adviser-news/consumer-finance-association-sets-up-supervisory-body-for-payday-lenders/1071007.article The Short-term Lending Compliance Board is an independent body set up to oversee standards in the payday lending market.  Mon, 13 May 2013 08:38 GMT http://www.moneymarketing.co.uk/regulation/apfa-calls-on-members-to-fight-fca-fees-hike/1070967.article http://www.moneymarketing.co.uk/regulation/apfa-calls-on-members-to-fight-fca-fees-hike/1070967.article Advisers are facing a 15 per hike in regulatory costs and will be responsible for 10 per cent of the FCA’s total annual budget. Fri, 10 May 2013 12:49 GMT http://www.moneymarketing.co.uk/regulation/money-advice-service-scraps-ambitious-growth-targets/1070475.article http://www.moneymarketing.co.uk/regulation/money-advice-service-scraps-ambitious-growth-targets/1070475.article Chief executive Caroline Rookes says she wants to achieve a “behavioural shift” rather than just counting user numbers. Thu, 9 May 2013 15:00 GMT http://www.moneymarketing.co.uk/regulation/unbiased-pushes-for-mas-action-after-drop-in-adviser-referrals/1070497.article http://www.moneymarketing.co.uk/regulation/unbiased-pushes-for-mas-action-after-drop-in-adviser-referrals/1070497.article Unbiased chief executive Karen Barrett says she does not understand why the MAS is yet to work with advisers. Thu, 9 May 2013 09:30 GMT http://www.moneymarketing.co.uk/investments/fca-probes-funds-use-of-transition-management/1070852.article http://www.moneymarketing.co.uk/investments/fca-probes-funds-use-of-transition-management/1070852.article The Financial Conduct Authority has launched a new probe into the use of ‘transition management’ services by asset managers. Thu, 9 May 2013 09:15 GMT http://www.moneymarketing.co.uk/regulation/ey-3000-to-quit-advice-during-2013/1070585.article http://www.moneymarketing.co.uk/regulation/ey-3000-to-quit-advice-during-2013/1070585.article Ernst & Young expects adviser numbers to fall to 20,000 by the end of the year. Thu, 9 May 2013 00:00 GMT http://www.moneymarketing.co.uk/regulation/former-mortgage-broker-to-stand-trial/1070576.article http://www.moneymarketing.co.uk/regulation/former-mortgage-broker-to-stand-trial/1070576.article Michael Joseph James Lewis has been committed for trial over 13 counts including assisting a fraud by false representation. Thu, 9 May 2013 00:00 GMT http://www.moneymarketing.co.uk/regulation/west-brom-pledges-to-continue-offering-advice/1070586.article http://www.moneymarketing.co.uk/regulation/west-brom-pledges-to-continue-offering-advice/1070586.article The building society is working to find the right partner after Axa pulled out of the advice market. Thu, 9 May 2013 00:00 GMT http://www.moneymarketing.co.uk/regulation/ey-advisers-struggling-with-post-rdr-charging-transition/1070587.article http://www.moneymarketing.co.uk/regulation/ey-advisers-struggling-with-post-rdr-charging-transition/1070587.article Ersnt & Young says advisers continue to charge “three plus a half” post-RDR. Thu, 9 May 2013 00:00 GMT http://www.moneymarketing.co.uk/regulation/advisers-vent-anger-over-rdr-and-rising-costs-in-fca-survey/1070591.article http://www.moneymarketing.co.uk/regulation/advisers-vent-anger-over-rdr-and-rising-costs-in-fca-survey/1070591.article An FCA Practioner Panel survey shows more than a third of all firms believe the FSA was ineffective. Thu, 9 May 2013 00:00 GMT http://www.moneymarketing.co.uk/adviser-news/ey-mutuals-well-positioned-to-fill-post-rdr-advice-void/1070664.article http://www.moneymarketing.co.uk/adviser-news/ey-mutuals-well-positioned-to-fill-post-rdr-advice-void/1070664.article Ernst & Young says mutuals could benefit from ”partnering” with other mutuals. Thu, 9 May 2013 00:00 GMT http://www.moneymarketing.co.uk/pensions/sipps/fca-requests-details-of-sipp-firms-business-plans/1070763.article http://www.moneymarketing.co.uk/pensions/sipps/fca-requests-details-of-sipp-firms-business-plans/1070763.article The regulator has contacted Sipp providers asking for details of their post-RDR business plans. Thu, 9 May 2013 00:00 GMT http://www.moneymarketing.co.uk/politics/financial-reporting-council-chair-baroness-hogg-to-step-down/1070806.article http://www.moneymarketing.co.uk/politics/financial-reporting-council-chair-baroness-hogg-to-step-down/1070806.article Baroness Hogg has announced she will step down from the role when a successor is appointed. Wed, 8 May 2013 11:23 GMT http://www.moneymarketing.co.uk/investments/fca-delays-ucis-paper-to-get-it-right/1070799.article http://www.moneymarketing.co.uk/investments/fca-delays-ucis-paper-to-get-it-right/1070799.article The FCA has confirmed its final rules on unregulated collective investment schemes have been delayed to allow the regulator extra time to “get it right”. Wed, 8 May 2013 10:15 GMT http://www.moneymarketing.co.uk/adviser-news/advisers-say-rdr-has-failed-to-increase-consumer-trust/1070710.article http://www.moneymarketing.co.uk/adviser-news/advisers-say-rdr-has-failed-to-increase-consumer-trust/1070710.article Two thirds of advisers say the RDR has done nothing to improve consumer trust in their services. Tue, 7 May 2013 13:34 GMT http://www.moneymarketing.co.uk/adviser-news/ey-mutuals-well-positioned-to-fill-post-rdr-advice-void/1070657.article http://www.moneymarketing.co.uk/adviser-news/ey-mutuals-well-positioned-to-fill-post-rdr-advice-void/1070657.article Ernst & Young says mutuals could benefit from ”partnering” with other mutuals. Fri, 3 May 2013 15:27 GMT http://www.moneymarketing.co.uk/investments/two-arrested-in-insider-dealing-investigation/1070606.article http://www.moneymarketing.co.uk/investments/two-arrested-in-insider-dealing-investigation/1070606.article Two people have been arrested as part of a Financial Conduct Authority and City of London Police investigation into insider dealing and market abuse. Fri, 3 May 2013 09:57 GMT http://www.moneymarketing.co.uk/pensions/sipps/hornbuckle-attacks-rival-sipp-providers-over-cap-ad-self-interest/1070325.article http://www.moneymarketing.co.uk/pensions/sipps/hornbuckle-attacks-rival-sipp-providers-over-cap-ad-self-interest/1070325.article Hornbuckle Mitchell senior executive David White supports the regulator’s proposal to link cap-ad to AUA. Fri, 3 May 2013 09:30 GMT http://www.moneymarketing.co.uk/pensions/sipps/james-hay-targets-large-distributors-in-sipp-expansion-drive/1070329.article http://www.moneymarketing.co.uk/pensions/sipps/james-hay-targets-large-distributors-in-sipp-expansion-drive/1070329.article The firm expects the Sipp market to shrink to just a handful of administrators. Fri, 3 May 2013 09:30 GMT http://www.moneymarketing.co.uk/regulation/advisers-vent-anger-over-rdr-and-rising-costs-in-fca-survey/1070575.article http://www.moneymarketing.co.uk/regulation/advisers-vent-anger-over-rdr-and-rising-costs-in-fca-survey/1070575.article An FCA Practioner Panel survey shows more than a third of all firms believe the FSA was ineffective. Fri, 3 May 2013 08:30 GMT http://www.moneymarketing.co.uk/regulation/ey-advisers-struggling-with-post-rdr-charging-transition/1070582.article http://www.moneymarketing.co.uk/regulation/ey-advisers-struggling-with-post-rdr-charging-transition/1070582.article Ersnt & Young says advisers continue to charge “three plus a half” post-RDR. Thu, 2 May 2013 17:40 GMT http://www.moneymarketing.co.uk/regulation/ey-3000-to-quit-advice-during-2013/1070572.article http://www.moneymarketing.co.uk/regulation/ey-3000-to-quit-advice-during-2013/1070572.article Ernst & Young expects adviser numbers to fall to 20,000 by the end of the year. Thu, 2 May 2013 16:20 GMT http://www.moneymarketing.co.uk/regulation/former-mortgage-broker-to-stand-trial/1070550.article http://www.moneymarketing.co.uk/regulation/former-mortgage-broker-to-stand-trial/1070550.article Michael Joseph James Lewis has been committed for trial over 13 counts including assisting a fraud by false representation. Thu, 2 May 2013 13:11 GMT http://www.moneymarketing.co.uk/regulation/west-brom-pledges-to-continue-offering-advice/1070509.article http://www.moneymarketing.co.uk/regulation/west-brom-pledges-to-continue-offering-advice/1070509.article The building society is working to find the right partner after Axa pulled out of the advice market. Thu, 2 May 2013 11:15 GMT