This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+180914

Euro-flag-European-EU-700.jpg

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.

FCA-FSA-Building-Sky-Contrast-700x450jpg

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”. 

FSCS-Piggy-Bank-500x320.jpg

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

Comments (1)

BoE

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.

Martin-Wheatley-Speaking-2013-700.450.jpg

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)

HSBC-Branch-Building-700x450.jpg

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)

Pensions-savings-retirement-piggy bank

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.

Hugh_Savill_ABI

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)

Barclays-HSBC-London-Canary-Wharf-2012-700x450.jpg

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. 

Cover 700 x 450

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 (7)

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)

UK-Currency-Money-Pound-GBP-620x413.jpg

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)

FCA-Interior-View-700x450.jpg

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

FCA-FSA-Building-Sky-Contrast-700x450jpg

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)

FCA-Interior-View-700x450.jpg

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. 

FCA-Interior-View-700x450.jpg

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)

FCA-Building-Blue-Sky-700x450.jpg

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)

FCA-FSA-Building-Sky-Contrast-700x450jpg

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. 

FCA-Building-Blue-Sky-700x450.jpg

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)

Money-In-Hand-700.jpg

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)

FCA-Interior-View-700x450.jpg

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)

Justice-Fine-Ban-Court-Gavel-Judge-700x450.jpg

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)

FSCS-Piggy-Bank-500x320.jpg

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)

Rory-Percival-on-stage-at-Platforum-event-2013.jpg

FCA: Firms are not putting clients at heart of platform decisions

7 October 2014 8:10 am | By Tessa Norman

Advisers must put client outcomes at the centre of platform due diligence, says the regulator.

Comments (23)

FCA-Building-Blue-Sky-700x450.jpg

Time-barring key to EEA Life Settlements misselling reviews

3 October 2014 1:00 pm | By Tessa Norman

Advisers must consider risk profiling, fund size and time-barring when reviewing sales. 

Comments (5)

FSCS-Piggy-Bank-500x320.jpg

Consumer bodies warn over FSCS protection and Budget reforms

3 October 2014 11:00 am | By Tessa Norman

Those taking their pensions as a lump sum may be unaware of the compensation protections they are losing. 

Comments (2)

Independence cover

Industry calls for FCA to go further after independence U-turn

3 October 2014 8:30 am | By Tessa Norman

Experts call for FCA to change stance on independence and external referrals. 

Comments (9)

Mark-Carney-close-up-focused-700.jpg

BoE seeks power to cap LTVs

2 October 2014 2:18 pm | By Devraj Ray

Bank has urged Chancellor George Osborne to grant it power to place limits on loan-to-value ratios.

Comments (4)

Justice-Fine-Ban-Court-Gavel-Judge-700x450.jpg

Ex-adviser pleads guilty to fraud

2 October 2014 12:00 pm | By Tessa Norman

Former adviser pleads guilty to 22 offences contrary to the Theft and Fraud Acts. 

Payment-Fine-Currency-Money-700.jpg

Wonga takes £35m hit as it writes off loans worth £220m

2 October 2014 11:35 am | By Tessa Norman

Payday lender sets aside £35m in addition to writing off loans worth £220m.

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 (6)

Bank-of-England-BoE-Building-Horse-700x450.jpg

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.

Payment-Fine-Currency-Money-700.jpg

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)

Payment-Fine-Currency-Money-700.jpg

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.

Comments (2)

Justice-Fine-Ban-Court-Gavel-Judge-700x450.jpg

Adviser summoned to Crown Court over £1m investment fraud

30 September 2014 1:38 pm | By Devraj Ray

John Field, 77, is alleged to have fraudulently obtained more than £1m from 33 investors over a 9-year period.

Comments (3)

UK-Currency-Money-Coins-700.jpg

Citizens Advice: Payday lenders still 'falling short on responsible lending'

30 September 2014 12:00 pm | By Devraj Ray

Survey shows just a quarter of struggling borrowers feel their lender has treated them sympathetically.

Comments (2)

FSCS-office-alt-500x320.jpg

FSCS declares seven investment and pensions firms in default

30 September 2014 11:33 am | By Tessa Norman

Investment and pension firms among 14 businesses declared in default. 

London-UK-Gherkin-700.jpg

CISI chair Alan Yarrow elected Lord Mayor of the City of London

30 September 2014 10:17 am | By Devraj Ray

Yarrow spent 37 years at Dresdner Kleinwort, most recently serving as chairman of the UK bank.

Lloyds-Logo-700.jpg

Lloyds sacks eight staff for Libor rigging

30 September 2014 8:50 am | By Devraj Ray

The bank has withheld £3m in bonus payments to the employees, dismissed for rigging the benchmark interest rate.

Comments (1)

FCA-Building-Sky-View-700x450.jpg

FCA charges ex-Morrisons exec with insider trading

29 September 2014 3:08 pm | By Michael Berry

The FCA has charged the former treasurer and head of tax at Wm Morrisons, Paul Coyle, with insider trading.

Fund Data

Editor's Pick



Poll

Have you heard of cases of advised sales being disguised as execution-only?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments