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FOS rejects pension transfer complaint on time barring rules

24 October 2014 11:00 am | By Tessa Norman

Rejected decision could help advisers defend other complaints.

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'Test case' goes to FSCS over Reyker charges

24 October 2014 9:30 am | By Tessa Norman

Clients argue FSCS should pay out for Reyker charges after Merchant Capital’s collapse.

Comments (3)

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How do advisers sort the good risk-profiling tools from the bad?

24 October 2014 8:30 am | By Tessa Norman

Advisers must understand the limitations of risk-profiling tools to avoid compliance risks.

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Forged signatures and false fact finds: How an adviser sold Ucis to clients on £3k a year

23 October 2014 12:16 pm | By Tessa Norman

FCA seeking to fine and ban adviser who forged client signatures and created retrospective documents. 

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FCA seeks to ban and fine adviser £290k for 'lack of integrity'

23 October 2014 10:19 am | By Samuel Dale

Paul Reynolds is accused of not being a fit and proper person to be a regulated adviser.

Comments (11)

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Fading away: Is the MAS being erased from Treasury thinking?

23 October 2014 8:30 am | By Samuel Dale

Now the Treasury has excluded the Money Advice Service from its pensions guidance plans, is there any point in the quango carrying on?

Comments (14)

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TSC presses Govt to abolish approved persons regime for advisers

23 October 2014 8:00 am | By Samuel Dale

The FCA says it would have preferred to extend the scheme to all regulated firms.

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Caroline Wayman

FOS chief hits out at 'outrageous' insurer complaint stats

23 October 2014 | By Samuel Dale

Financial Ombudsman Service chief executive Caroline Wayman says she is worried about adviser perceptions

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Tyrie slams 'appalling' EU behaviour in bank bonus row

22 October 2014 5:00 pm | By Samuel Dale

The EBA wrongly claimed the UK voted to criticise gaming of the bank bonus cap.

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PRA warns big regulatory fines put firms at risk of failure

22 October 2014 3:26 pm | By Samuel Dale

PRA chief excutive Andrew Bailey says US fines are posing a risk to financial stability.

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ASA acts against IFA leads firm over unwanted texts

22 October 2014 12:30 pm | By Samuel Dale

Lead generation firm TAB Finance has been asked to stop communications 19 times this year.

Comments (2)

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Over half of auto-enrol investigations uncover breaches

22 October 2014 12:30 pm | By Sam Brodbeck

The Pensions Regulator has found that 58 per cent of non-compliance investigations found potential or actual breaches.

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FSCS pays out £21m for failed network Alpha 2 Omega

22 October 2014 10:33 am | By Tessa Norman

Network was placed into administration in 2010 after regulatory action. 

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MPC holds off rate rise due to eurozone risks

22 October 2014 10:27 am | By Devraj Ray

Ian McCafferty and Martin Weale again voted to increase the benchmark rate by 0.25 per cent.

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RBS avoids £90m fine for whistleblowing on financial 'cartel'

22 October 2014 10:01 am | By Michael Berry

Bank was given immunity by the European Commission after it admitted to colluding with JP Morgan over interest rates.

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Police investigate advice firm over investment fraud

22 October 2014 8:48 am | By Devraj Ray

Aberdeen-based Midas Financial Solutions is being investigated for offering unregulated short-term investments.

Comments (4)

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FOS complaints down 39% year-on-year as PPI claims drop

21 October 2014 8:40 am | By Tessa Norman

Number of complaints to FOS about PPI halved in Q3. 

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EU threatens Bank of England with legal action over bankers’ bonuses

20 October 2014 8:46 am | By Devraj Ray

UK banks are continuing to pay “allowances” to bankers, despite calls from the EU to include such payments in the bonus cap.

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FCA to issue record number of private warnings

20 October 2014 8:40 am | By Tessa Norman

Lawyers say warnings could amount to “enforcement by the back door”. 

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FSCS compensation for Pritchard Stockbrokers hits £8.5m

17 October 2014 11:00 am | By Tessa Norman

Compensation scheme has paid out 2,600 claims against failed firm

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Bank of England signals delayed interest rate rise

17 October 2014 9:42 am | By Samuel Dale

Bank of England chief economist Andrew Haldane is “gloomier” on UK economic prospects.

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FCA: Financial services is heading for 'Big Bang'-style revolution

17 October 2014 8:29 am | By Tessa Norman

Regulator says pace of technological change is “daunting” but says it can be properly managed.

Comments (4)

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HSBC reviews trail commission payments after FOS ruling

16 October 2014 4:08 pm | By Samuel Dale

The Financial Ombudsman Service ordered the bank to repay trail commission to a client.

Comments (1)

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Regulator prepares for crackdown on 'unacceptable' auto-enrolment non-compliance

16 October 2014 2:13 pm | By Sam Brodbeck

TPR expecting greater numbers of firms failing to meet their auto-enrolment duties.

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ABI: FCA is 'frustrating' simplified advice progress

16 October 2014 11:30 am | By Tessa Norman

ABI members keen to develop simplified offerings in time for Budget changes.

Comments (3)

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CII partners with BBA to improve trust in banking

16 October 2014 10:12 am | By Tessa Norman

BBA to promote CII’s professional qualifications to help raise standards. 

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Are advisers dressing up advised sales as execution-only?

16 October 2014 9:35 am | By Tessa Norman

Rise in non-advised sales has reignited concerns over the blurred line between advice and non-advice

Comments (9)

Caroline Wayman

FOS chief hits out at 'outrageous' insurer complaint stats

16 October 2014 9:06 am | By Samuel Dale

Financial Ombudsman Service chief executive Caroline Wayman says she is worried about adviser perceptions.

Comments (10)

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First Direct to pay redress for misselling complex products

16 October 2014 8:38 am | By Natalie Holt

Bank sold complex products such as exchange-traded commodities through its self-serve platform without appropriate checks.

Comments (6)

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Complaints Commissioner rejects FSA complaint over £15k Catalyst loss

16 October 2014 | By Tessa Norman

Investor claims they lost out as a result of regulator’s “toxic” statement on life settlement funds

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FCA warns consumers on investment fraud

15 October 2014 8:43 am | By Natalie Holt

Regulator has launched national campaign to boost consumer awareness of investment scams.

Comments (8)

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Interest rate swap redress hits £1.5bn

14 October 2014 10:53 am | By Tessa Norman

FCA expects redress exercise to continue until the end of the year. 

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Complaints Commissioner rejects FSA complaint over £15k Catalyst loss

13 October 2014 1:43 pm | By Tessa Norman

Investor claims regulator’s “toxic” warning against life settlement funds led to Catalyst’s collapse.

Comments (2)

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FCA cracks down on misleading financial promotions

13 October 2014 9:03 am | By Samuel Dale

There has been a 61 per cent surge in the number of regulatory interventions against firms’ financial promotions.

Comments (5)

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FCA bans and fines two ex-directors of stockbroking firm

9 October 2014 10:22 am | By Tessa Norman

Ex-directors of Pritchard Stockbrokers banned for failing to protect client money. 

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FCA sets aside £1m for HBOS inquiry

9 October 2014 10:00 am | By Tessa Norman

Costs include £228,000 for legal advice for staff. 

Comments (3)

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Competition watchdog plans payday loans crackdown

9 October 2014 8:50 am | By Tom Selby

The Competition and Markets Authority wants to stimulate a “high quality price comparison sector” for payday loans.

Comments (2)

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Advice firm numbers rising to pre-RDR levels

8 October 2014 3:51 pm | By Tessa Norman

Latest figures on advice firm numbers published by FCA. 

Comments (5)

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Senior banker pleads guilty to Libor fraud

7 October 2014 11:09 am | By Sam Brodbeck

Banker from leading British bank becomes first criminal conviction in Libor fixing investigation.

Comments (7)

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PRA to raise annuity FSCS compensation limit

7 October 2014 9:33 am | By Tom Selby

The Prudential Regulation Authority has set out plans to raise the FSCS compensation limit for annuities to 100 per cent of the fund.

Comments (1)

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