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Ex-Lehman Brothers director joins FCA as senior adviser

23 April 2014 9:55 am | By Tessa Norman

Regulator appoints two senior advisers

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RBS fined for illegal trades in emerging market rates business

23 April 2014 8:40 am | By Pamela Morris

RBS faces a £460,000 fine by Hong Kong regulators over a series of illegal trades committed by one of its traders in 2011.

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Vince Cable warns FTSE firms over 'ridiculous' pay awards

23 April 2014 8:40 am | By Gary Jackson

Business secretary Vince Cable has written to the chairmen of FTSE 100 companies’ remuneration committees to issue a warning that the Government will intervene unless they do more to curb executives’ soaring pay increases.

Comments (1)

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Two jailed over £10m boiler room scam

23 April 2014 8:38 am | By Tessa Norman

Pair sentenced to nine years in jail after defrauding elderly investors.

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Number of FCA senior fines drops 40% since 2010

22 April 2014 9:04 am | By Tessa Norman

Figures reveal drop in fines for senior managers. 

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Co-op Bank report to blame poor governance for near collapse

22 April 2014 8:36 am | By Tessa Norman

Report will find Co-op Bank board did not carry out adequate due diligence on Britannia takeover

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FCA unconcerned branch meetings could last over 3 hours post-MMR

22 April 2014 0:36 am | By Paul Thomas

FCA mortgage head Linda Woodall says longer appointments could lead to “more sustainable outcomes”.

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Tribunal upholds £80,000 fine against fraudulent broker

17 April 2014 11:05 am | By Devraj Ray

£80,000 fine has been upheld by the Uper Tribunal following appeal on the scale of the penalty.

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FCA bans two advisers over Sipp suitability failures

17 April 2014 10:21 am | By Samuel Dale

Andrew Rees and Timothy Hughes were partners at 1 Stop Financial Services.

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Sue Lewis on delivering the Budget's retirement advice plan and why the independent and restricted labels are meaningless

17 April 2014 | By Tessa Norman

The FCA’s Consumer Panel chair shares her views on how to make the Budget pension reforms work for consumers – and has some strong words for advisers

Comments (1)

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Adviser profits up 20% but non-advised market share grows

17 April 2014 | By Tessa Norman

Average profit per adviser rose significantly in 2013. 

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Barclays tops FCA complaints data as Hargreaves complaints jump 500%

17 April 2014 | By Gary Jackson, Tessa Norman

Hargreaves says jump in complaints is down to issues around the Royal Mail share sale.

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FSCS investment adviser levy set at £112m for 2014/15

17 April 2014 | By Michael Glenister

Advisers to pay £112m for 2014/15.

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Forester Life to axe future trail on Children's Mutual book

17 April 2014 | By Devraj Ray

Company has written to advisers saying trail commission for existing Children’s Mutual policies will stop from the end of April.

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WMA queries FSCS levy as Catalyst failure costs firms £47m

16 April 2014 9:35 am | By Pamela Morris

The Wealth Management Association has called for the FCA to consider whether promoters should also be required to pay toward its FSCS levy.

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FCA issues warning notices against two insurance brokers

15 April 2014 11:26 am | By Samuel Dale

The FCA has not named the individuals or firms involved.

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FCA hits out at premium rate phone lines

15 April 2014 9:48 am | By Michael Glenister

Regulator responds after Which? called for Consumer Rights Directive to apply to financial services firms.

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FSCS adviser bill up 6.6 per cent despite overall levy reduction

15 April 2014 8:45 am | By Michael Glenister

Advisers to pay £112m for 2014/15.

Comments (4)

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Court rejects unauthorised land bank's appeal

14 April 2014 10:41 am | By Michael Berry

Asset Land LI sold plots of land as investments without FCA approval and has been ordered to repay £21m.

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Regulatory fines against individuals jump 77%

14 April 2014 10:05 am | By Natalie Holt

The FCA and FSA imposed individual fines totalling £35.5m in 2012 and 2013, compared to £20.1m over the previous two years. 

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FCA reviews recruitment strategy as staff turnover continues to rise

11 April 2014 3:54 pm | By Samuel Dale

The National Audit Office warned that FCA staff turnover is undermining the regulator.

Comments (2)

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Tax avoidance firm stops issuing products after HMRC crackdown

11 April 2014 8:58 am | By Tessa Norman

Promoter of film investment scheme will no longer issue new products 

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Co-op woes continue as Lord Myners quits

10 April 2014 8:55 am | By Devraj Ray

Former Labour financial services secretary was asked in December to conduct a review of the group.

Comments (2)

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FCA's 'wake-up call' on costs disclosure: What the regulator wants from advisers

10 April 2014 8:30 am | By Tessa Norman

Advisers are failing to put customers first, says FCA.

Comments (6)

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FCA to ditch Canary Wharf offices and move to Olympic Park

10 April 2014 | By Tessa Norman

Move to 430,000 sq ft site set to go ahead in 2018

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CII handled 521 disciplinary cases in 2013

10 April 2014 | By Tessa Norman

Disciplinary action taken in 60 cases last year

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Wells Street Journal: Who’s afraid of The Grey Vampire?

10 April 2014

According to reports in the Financial Times, FCA chief Martin Wheatley has been nick-named The Grey Vampire by some within his organisation.

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Adviser fee information escapes EU disclosure rules

10 April 2014 | By Tessa Norman

EU policymakers agree on final text for Priips regulation after last-minute negotiations

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Money Marketing wins top media award

10 April 2014

Money Marketing was crowned trade publication of the year at the ABI’s Financial Media Awards

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Interest rate swap redress reaches £598m

10 April 2014 | By Tessa Norman

Major banks paid out £116.4m in redress for interest rate swap misselling in March

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ABI denies 'agenda' as FCA sets out scope of closed book inquiry

10 April 2014 | By Samuel Dale, Tessa Norman

Otto Thoresen says lessons need to be learned from the way the regulator announced its closed book review.

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State of the post-RDR market: Adviser profits up 20% but non-advised market share grows

9 April 2014 3:11 pm | By Tessa Norman

Apfa research shows advisers’ revenue increased in 2013. 

Comments (19)

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Barclays tops FCA complaints data again

9 April 2014 12:06 pm | By Tessa Norman

FCA reveals most complained about firms in second half of 2013

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Hargreaves tops FCA’s investment complaints list after 500% jump

9 April 2014 11:03 am | By Gary Jackson

Hargreaves Lansdown Asset Management witnessed a 500% increase in complaints to the Financial Conduct Authority in the latter half of 2013, the latest figures show.

Comments (6)

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ASA bans Wonga TV advert

9 April 2014 8:55 am | By Devraj Ray

The advert must not be shown again in its current form.

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'Free, impartial, face-to-face advice': Can Osborne deliver on his Budget pension promise?

9 April 2014 8:34 am | By Tom Selby, Samuel Dale

Advisers question whether the Government can deliver on George Osborne’s at-retirement guidance pledge.

Comments (13)

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Adviser fee information escapes EU disclosure rules

8 April 2014 4:03 pm | By Tessa Norman

Advisers will no longer have to duplicate fee information in EU disclosure documents. 

Comments (1)

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FCA appoints lawyer to handle closed book inquiry

8 April 2014 2:35 pm | By Tessa Norman

Partner at law firm Clifford Chance will investigate regulator’s handling of closed book blunder

Comments (1)

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Interest rate swap redress reaches £598m

8 April 2014 11:05 am | By Tessa Norman

Banks paid out £116m in redress last month. 

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Barclays avoids court with settlement over swaps misselling

8 April 2014 8:41 am | By Devraj Ray

Bank has agreed to restructure £70m owed by Graiseley Properties over a mis-sold interest rate swap.

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