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Regulation

News

Wonga

Wonga to write off 330,000 loans after FCA intervention

2 October 2014 9:30 am | By Tom Selby

Wonga will write off 330,000 customers’ loan balances after the FCA found evidence the payday lender was failing to adequately assess customers’ ability to meet repayments.

Comments (3)

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PRA amendment to LTI rules will exclude most private banks

1 October 2014 12:47 pm | By Paul Thomas

Lenders that write fewer than 300 mortgages a year are now excluded.

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Channel Islands Stock Exchange fined £190k over Arch cru

1 October 2014 11:46 am | By Tessa Norman

Guernsey regulator fines stock exchange for failings relating to Arch cru transactions. 

Comments (2)

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ASA bans claims firm ads targeted at Lloyds customers

1 October 2014 9:10 am | By Tessa Norman

Two online adverts from claims firm The Claims Guys have been banned for being misleading.

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Opinion

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Nic Cicutti: Apfa was not behind FCA indy U-tun

2 October 2014

The FCA’s decision to row back on IFA internal referrals corrects a glaring error in its original guidance.

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Tim Page: Kafka, MAS and anti-adviser outbursts

29 September 2014

The recent comments made by Sue Lewis and Caroline Rookes of the Money Advice Service will only hurt consumer interests.

Comments (11)

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Nic Cicutti: Advisers need to do their homework on dodgy investments

18 September 2014

Many years ago, so many years that I am embarrassed to say, I rang a Scottish Amicable marketing director for my weekly chat.

Comments (22)

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Richard Leeson: RDR poses pitfalls for asset gatherers

16 September 2014

The asset-gathering business model is a potential cause for concern, particularly when it comes to product suitability

Comments (2)

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Nick Bamford: Advisers not to blame for breakdown in trust

15 September 2014

Commentators like Sue Lewis of the FCA Consumer Panel fall into the “adviserism” trap on a regular basis.

Comments (17)

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Kim North: Stakes are too high to gamble on Ucis

12 September 2014

Over the years I’ve been sent thousands of mailings promoting unregulated collective investment schemes.

Comments (5)

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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Analysis

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Linda Smith: Advising cross border within the EU

25 September 2014

In the coming years, we are likely to see the debate about the UK’s place in the European Union intensify.

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Why did the Scottish No campaign not talk about mortgage uncertainty?

18 September 2014 | By Devraj Ray

Brokers argue that the uncertainty around a currency split and mortgage lending should have been a main feature of the No campaign

Comments (1)

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Richard Leeson: RDR poses pitfalls for asset gatherers

16 September 2014

The asset-gathering business model is a potential cause for concern, particularly when it comes to product suitability

Comments (2)

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Adam Samuel: Wielding the power of attorney

29 August 2014

Grey areas can emerge when trying to meet the interests of your customers, especially in areas such as power of attorney

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