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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.

Comments (13)


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)

Andrew Tyrie

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.

Comments (2)


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)


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.

Comments (2)


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. 


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)


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. 


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 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 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)


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.


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 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.


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)


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)


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)


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 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)


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. 


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 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 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 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)


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)


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)


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)


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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