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Regulation

News

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Nationwide slaps LTI cap on residential lending and tightens stress tests

22 July 2014 1:54 pm | By Devraj Ray

The lender has placed an income multiple cap of 4.75 times income on all residential applications.

Comments (3)

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FCA fines ex-JPM Cazenove chairman £450k for market abuse

22 July 2014 10:24 am | By Tessa Norman

Regulator confirms fine after Upper Tribunal decision in May. 

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FOS reports drop in complaints but Sipp cases surge

22 July 2014 9:07 am | By Tom Selby

The Financial Ombudsman Service has reported a 46 per cent drop in year-on-year complaints between April and June.

Comments (2)

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SFO launches criminal investigation into forex rigging

22 July 2014 8:58 am | By Steve Tolley

Serious Fraud Office launches inquiry into allegations Carney says could be bigger scandal than Libor.

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Opinion

Keith Richards

Keith Richards: Govt must focus on addressing the protection gap

21 July 2014

With one of the worst protection gaps in Europe, what will it take to address the issue? 

Comments (4)

Claire Williams

Claire Williams: Why advisers shouldn't put long-stops in contracts

18 July 2014

With a lack of detail around the complaints long-stop and a potential Cobs breach not yet ascertained, advisers would be wise to act in accordance with there being no shelf life to their liability.

Comments (3)

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Greg Kingston: The risks of holding commercial property in a Sipp

18 July 2014

It is disheartening that some Sipp providers have lobbied for commercial property to be a non-standard asset under forthcoming capital adequacy rules.

Comments (3)

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FCA must give simplified advice solutions, not problems

18 July 2014 | By Tessa Norman

More answers needed before firms can develop simplified advice models with confidence. 

Comments (2)

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Kim North: FSCS needs to work harder to reduce costs

18 July 2014

Why is it so hard for the FSCS to ask the consumer for their sort code and account number and simply transfer the cash?

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Nic Cicutti: Advisers are like stroppy kids with simplified advice

17 July 2014

Anyone who is or has ever been a parent will know what it is like to inspire a young child to engage in worthwhile activities.

Comments (21)

More opinion

PFS Conference

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PFS calls for FOS guarantees on simplified advice

14 November 2013 | By Tessa Norman

Advisers more scared of FOS than FCA, says PFS president.

Comments (3)

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FCA Inducement News

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Lighthouse chief says inducements crackdown will not dent revenues

26 September 2013 11:11 am | By Michael Glenister

Malcolm Streatfield says the network’s arrangements with providers have always complied with FCA rules.

More FCA Inducement News

IFP Conference 2013

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Simon Chamberlain: 'Advisers feed off crumbs from providers' table'

3 October 2013 10:41 am | By Michael Glenister

Succession boss tells advisers clients do not want to be advised by “someone they think is poor.”

Comments (19)

More IFP Conference news

Analysis

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Financial planning is not just a marketing label

17 July 2014

Use the quieter summer months to determine which areas of your business might benefit from a modular charging structure

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Adam Samuel: The problem with high net worth clients

15 July 2014

Higher net worth clients may seem desirable but can pose all kinds of compliance and legal problems.

Comments (5)

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Meeting the FCA's rules on costs disclosure

6 July 2014

The FCA has indicated increasing intolerance for non-compliance, so we are likely to see regulatory action if there is no improvement.

Comments (1)

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Richard Leeson: Lack of asset due diligence is prompting complaints

19 June 2014

Advisers sometimes overlook the appropriateness of underlying risk assets, resulting in complaints.

Comments (1)

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