MAS has swooped for three new non-execs following the announcement of its 2015/15 business plan.
Advisers slam regulator for “ever-rising” bill.
Nationwide has stopped lending to new borrowers who get paid in a foreign currency.
A schism has opened between the FCA and MPs over the regulator’s approach to transparency.
The FCA has slapped a former accountant with a £35,000 fine for assisting in insider dealing.
Chief exec Keith Richards says those who ignore advice should not qualify for redress further down the line.
80 per cent say they will not advise on selling annuities.
New rules to allow more fundraising by mutuals were yesterday made into law.
Lenders will be forced to apply affordability checks on remortgage customers coming from rivals.
DWP warns over spending, transferring or giving away pensions to claim state benefits.
FSCS has hit life and pensions advisers with a £20m for Sipp misselling claims.
Ryan Willmott sentenced to 10 months in prison after guilty plea.
Existing drawdown customers exposed by HMRC reporting requirements.
New ‘safeguarded benefits’ definition conflicts with existing rules.
Networks and compliance experts are warning advisers against using ‘insistent’ customer processes to appease clients trying to transfer out of defined benefit schemes.
Provider reluctant to give advisers pension input period info.
TSC hits out at regulator for creating ”false market” in insurers’ shares and says FCA board should review its effectiveness.
Calls on the FCA to produce “firm standards” to help customers.
The Government must accelerate reforms of the Money Advice Service or risk wasting huge sums of advisers’ money, MPs warn.
Aviva has backtracked on plans to offer customers guidance on what to do with their pensions in favour of an “information-only” service.
The FCA is reviewing the standards advisers must reach to hold themselves out as ‘independent’ ahead of the introduction of Mifid II reforms.
Minimum fee also hiked for first time in four years.
FCA redistributes £9m of money advice budget to debt advice services.
Law firm Pinsent Masons says regulator has created a culture where staff ‘cover their backs’.
The FCA has released a discussion paper on Mifid II.
Scott leaves the Chartered Insurance Institute in March 2016 after 16 years with the organisation.
Regulator finds firms developing D2C business limiting customer options
Analysis by Money Marketing suggests FCA’s warning notices strategy is ineffective.
Court of Appeal ruled in the FCA’s favour.
Martin Lewis has offered to support MAS in reviewing the findings of the Farnish report after being invited to join a ”challenger panel”.
Barrett is leaving Old Mutual after 18 years with the provider.
Independent review into last year’s mortgage systems collapse published.
HSBC is to relocate the head office of its ring-fenced retail and business banking operations to Birmingham.
The FCA plans to investigate the mortgage market to see if there are “competition” issues that are failing consumers.
Former IFA David Gerald Dixon, who created a multi-million pound Ponzi scheme, has pleaded guilty to five charges of fraud.
The FCA’s business plan for 2014/15, published this morning, lays out the major potential challenges it could face this year.
The industry will pay more for the regulator this year.
Regulator to look at how providers have changed their practices and the suitability of retirement advice.
Transfer bureau aims to help advisers comply with tighter controls on pension transfers.
Apfa is calling for regulatory budgets to be frozen and reporting requirements slashed as part of a package of reforms designed to dramatically cut advisers’ costs.