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


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.


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. 


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)


'Danger' in advice to borrowers to suspend pension payments

1 October 2014 8:49 am | By Tessa Norman

Lenders’ policies on pension contributions are pushing some to consider ceasing payments. 

Comments (2)


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)


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 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. 


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 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 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.


Sesame restricted move prompts 6% member exit

29 September 2014 3:00 pm | By Tessa Norman

Network sees 6 per cent of members leave after announcing plans for restricted move. 

Comments (1)


FCA expects adviser costs to halve following RMAR changes

29 September 2014 11:19 am | By Tessa Norman

Regulator confirms proposed changes to RMAR, including move to annual reporting for section K. 

Comments (12)


FCA in talks with banks over £2bn Forex rigging fines

26 September 2014 1:30 pm | By Tessa Norman

Regulator close to enforcement deal with banks over Forex rigging, according to reports. 

Comments (1)


FCA creates new 'cradle to grave' retail fund team

26 September 2014 11:19 am | By Michael Berry

The FCA’s new 15-strong team will authorise and supervise retail investment funds with the aim of greater efficiency.

Comments (2)

Cover story 700 x 450

Just how ready is the industry for Budget guidance?

26 September 2014 10:01 am | By Natalie Holt

What needs to be done between now and April to deliver a workable service?


UK financial services commissioner stripped of bankers' pay powers

26 September 2014 8:44 am | By Sam Brodbeck

EC president cuts remuneration policy from commissioner’s brief to appease critics.


Advisers back FCA U-turn on independent advice and referrals

25 September 2014 4:17 pm | By Tessa Norman

Change of stance will result in better consumer outcomes, say advisers. 

Comments (12)


RBS chairman to step down

25 September 2014 10:31 am | By Tessa Norman

Sir Philip Hampton has served as chairman for five years. 

Comments (2)


Barclays tops FCA complaints data again

25 September 2014 9:56 am | By Tessa Norman

Barclays received the highest number of complaints in the first half of 2014. 

Comments (3)


FOS upholds complaint against stockbroker over £110k Ucis

25 September 2014 9:30 am | By Tessa Norman

Firm accepted investment instructions from Quintillion Asset Management without investor’s consent. 

Comments (3)


Ex-Barclays bankers summoned by SFO

25 September 2014 8:35 am | By Sam Brodbeck

Former board members will give evidence as part of probe into Qataris’ involvement during the financial crisis.


FCA fines Barclays £38m for client money failings

25 September 2014 | By Tessa Norman

Regulator found “significant weaknesses” in the bank’s systems and controls. 


FSCS defends ‘modest’ £3m PR campaign

24 September 2014 1:04 pm | By Tessa Norman

FSCS targeting pensions freedoms in future communications. 

Comments (11)


FCA bans adviser for false mortgage applications

24 September 2014 11:02 am | By Tessa Norman

Adviser overstated his income in two personal mortgage applications. 


FCA warns advisers and investors over EEA Life Settlements misselling

24 September 2014 8:51 am | By Pamela Morris

Regulator recommends advice firms ‘re-examine’ EEA sales.

Comments (14)


Bank of England wants co-ordination on regulatory fines

24 September 2014 8:45 am | By Sam Brodbeck

PRA chief Andrew Bailey warns firms’ operations could be limited if fines are too high.


SEC investigates Pimco ETF pricing

24 September 2014 8:44 am | By Natalie Holt

The Wall Street Journal reports the US regulator is carrying out a probe into whether Pimco artificially boosted returns of an ETF.


Inaccurate FCA returns and account names: Why Barclays was fined £38m

23 September 2014 12:12 pm | By Tessa Norman

Barclays mixed client money with other assets and held inaccurate data, FCA final notice reveals. 

Comments (3)


FCA fines Barclays £38m over client money failings

23 September 2014 8:25 am | By Sam Brodbeck

Record penalty comes three years after the bank paid £1m for the same issue.

Comments (5)


BBA urges Bank to exclude HNW clients from LTI cap

22 September 2014 4:12 pm | By Devraj Ray

Bankers trade body says LTI cap will unfairly penalise private banks and high net worth clients.


'Inconsistent, outdated and unfair’: Firms give FCA feedback for Project Innovate

19 September 2014 4:04 pm | By Tessa Norman

Firms blame the FCA’s approach for stifling innovation. 

Comments (2)


FCA: Failure to prepare for Mifid II is unacceptable

19 September 2014 2:07 pm | By Tessa Norman

Firms must begin preparations for EU rules now ahead of 2017 implementation, says FCA. 

Comments (4)


Apfa: How the guidance guarantee should be funded

19 September 2014 12:18 pm | By Tessa Norman

Levy should be allocated based on the retirement products consumers take up. 

Comments (1)


Godfrey Bloom: Ukip should do more to tackle financial regulation

18 September 2014 1:04 pm | By Samuel Dale

Former Ukip financial services spokesman Godfrey Bloom says the party is focussing solely on EU regulation.

Comments (4)


FCA suspends activities of three debt management firms

18 September 2014 10:52 am | By Tessa Norman

Regulator freezes bank accounts of three firms under investigation. 


FOS upholds two complaints against Sesame for advice failings

18 September 2014 9:30 am | By Tessa Norman

FOS finds advice process failings including poor record-keeping.

Comments (5)


ShareAction attacks ‘dangerously weak’ DC governance reforms

17 September 2014 12:26 pm | By Sam Brodbeck

Charity warns new independent governance committees are conflicted and lack the power to hold providers to account.


Listed companies face executive pay shake-up

17 September 2014 8:57 am | By Tessa Norman

New rules from Financial Reporting Council will see pay linked to long-term performance. 


'Safe as houses': How ex-SJP adviser misled clients

16 September 2014 12:13 pm | By Tessa Norman

Ex-SJP adviser promised clients annual returns of up to 24 per cent.

Comments (9)


Citizens Advice urges FCA to place 'health warning' on payday loan adverts

16 September 2014 10:20 am | By Devraj Ray

CAB says payday loan adverts that appeal to children are “utterly unacceptable”.

Comments (3)

Fund Data

Editor's Pick


Do you think the industry is ready to deliver Budget guidance?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments