This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
Money Marketing Cover


Tribunal upholds £80,000 fine against fraudulent broker

17 April 2014 11:05 am | By Devraj Ray

Amir Khan will be fined £80,000 after the Regulatory Decisions Committee had reduced the original £100,000 to £3,300 on grounds of financial hardship.


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.


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


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

17 April 2014 | By Tessa Norman

Average profit per adviser rose significantly in 2013. 


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.


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

17 April 2014 | By Michael Glenister

Advisers to pay £112m for 2014/15.


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.


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.


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.


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.


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)


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.


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. 


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)


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 

co-op 700

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)


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)


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


CII handled 521 disciplinary cases in 2013

10 April 2014 | By Tessa Norman

Disciplinary action taken in 60 cases last year


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.


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

ABI Awards 2014 new

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


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

Otto Thoreson

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.


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)


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


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)


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.

Guidance cover 100414.jpg

'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)


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)


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)


Interest rate swap redress reaches £598m

8 April 2014 11:05 am | By Tessa Norman

Banks paid out £116m in redress last month. 


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.

ABI Awards 2014 new

Money Marketing wins top media award

7 April 2014 12:15 pm

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

Comments (1)

Adamson-Clive-FCA-2013 700 x 450.jpg

FCA slams wealth managers in disclosure review

7 April 2014 10:24 am | By Sam Macdonald

Wealth managers and private banks were the worst performing firms in the FCA’s thematic review into disclosure.

Comments (6)


FCA set to refer two firms to enforcement over cost of advice failings

7 April 2014 9:56 am | By Tessa Norman

Thematic review finds 73 per cent of firms failing to provide correct information on cost of advice.

Comments (4)


Ashcourt Rowan’s assets pass £5bn after UKWM acquisition

7 April 2014 9:18 am | By Gary Jackson

Wealth manager Ashcourt Rowan has completed its acquisition of UK Wealth Management, following approval from the Financial Conduct Authority.


Co-op Bank yet to claw back bosses' bonuses

7 April 2014 8:49 am | By Devraj Ray

Bank is expected to announce a £1.3bn loss in its annual report this week.

Martin Wheatley 2 2013 700x450

FCA ignored Bank warnings on closed book probe

7 April 2014 8:42 am | By Natalie Holt

PRA chief executive Andrew Bailey is said to have called Martin Wheatley repeatedly on the day the regulator’s closed book review was reported.

Comments (9)


CII handled 521 disciplinary cases in 2013

4 April 2014 1:33 pm | By Tessa Norman

Action taken against 60 CII members.

Fund Data

Editor's Pick


Do you agree with calls for a flat 30% rate of pensions tax relief?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments