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Carney pledges to hit 2% inflation target by 2017

26 January 2015 8:44 am | By Devraj Ray

Bank of England governor also welcomed the £822m QE programme announced by the ECB last week.


Cost of FSCS online claims project rockets to £20m

23 January 2015 8:30 am | By Tessa Norman

Project has also been delayed by several months. 

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FCA: No genuine examples of retrospective regulation

22 January 2015 2:40 pm | By Tessa Norman

Regulator says call for evidence on retrospective rules produced no examples under its definition.

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FCA fails to address key issues in final simplified advice guidance

22 January 2015 11:51 am | By Tessa Norman

Regulator says it cannot give further clarity on liabilities and the FOS.

Comments (5)

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Former Martin Brokers execs fined £315k and banned over Libor rigging

22 January 2015 11:05 am | By Sam Brodbeck

David Caplin and Jeremy Kraft “contributed to a culture at that permitted Libor manipulation to take place”.

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Pension freedoms add 'layer of complexity' to divorce cases

22 January 2015 9:30 am | By Sam Brodbeck

Lawyers say new cash option makes divorce proceedings unpredictable.

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Regulator ramps up employer auto-enrol comms over compliance concerns

21 January 2015 12:37 pm | By Sam Brodbeck

TPR writes to 1.5 million employers to avert mass non-compliance.

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City hedge fund manager convicted of fraud

20 January 2015 1:05 pm | By Andrew Knight

A former city hedge fund manager has been convicted of fraud following an investigation by the Serious Fraud Office.


Investment advisers face £125m FSCS levy for 2015/16

20 January 2015 11:27 am | By Tom Selby

Life and pensions intermediaries will have to cough up £57m, some £24m higher than the bill they faced in 2014/15.

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Reckitt Benckiser hit with £540k FCA fine

20 January 2015 10:20 am | By Tom Selby

The FCA has fined Reckitt Benckiser Group £539,800 systems and controls failings.

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FSCS investment claims set to halve in 2015/16

20 January 2015 9:59 am | By Tessa Norman

But scheme warns over rising pension claims. 

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FCA reveals failures of £700bn cash savings market

20 January 2015 8:58 am | By Sam Brodbeck

Market “not working well for consumers” but regulator stops short of banning introductory bonus rates.

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FCA wins legal battle over Arch cru collapse

20 January 2015 8:53 am | By Natalie Holt

Regulator has been backed over banning and fining Arch Financial Product directors Robin Farrell and Robert Addison a total of £850,000.

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Two men jailed over £1.2m boiler room fraud

19 January 2015 4:06 pm | By Andrew Knight

Two men face a total of four years in prison for swindling more than £1.2m from over 30 victims through a Madrid-based boiler room.

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FSCS management expenses levy set at £74m for 2015/16

19 January 2015 11:38 am | By Tessa Norman

FCA proposes 7 per cent reduction in FSCS management expenses levy. 

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Tavistock Investments to acquire troubled network Financial Ltd

19 January 2015 9:15 am | By Tom Selby

Tavistock Investments is on the brink of acquiring Standard Financial Group, the parent company of adviser network Financial Ltd.


CISI warns FCA over technology red tape

19 January 2015 9:11 am | By Andrew Knight

FCA regulations will delay technological progress in finance, the Chartered Institute for Securities and Investment warns.


Senior police officer cleared of mortgage fraud in just 20 minutes

16 January 2015 1:16 pm | By Devraj Ray

Chief Inspector John Buttress had been accused of fraudulently obtaining a residential mortgage for a property he subsequently let out to holiday renters.

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PPI: Disengagement and inertia 'key risks' in pension reforms

15 January 2015 3:35 pm | By Sam Brodbeck

Pensions industry needs to address “key risk” of disengagement and inertia, says think-tank.

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RBS to review missold SME loans

15 January 2015 9:36 am | By Tessa Norman

RBS admits it failed to properly explain SME loans to customers. 

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Experts back Wheatley over Budget pensions due diligence fears

15 January 2015 9:30 am | By Sam Brodbeck

Advisers should take “the long view” with providers honest enough to say they are not ready.

Comments (7)

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Revealed: How advisers are really charging post-RDR

15 January 2015 8:00 am | By Tessa Norman

As research reveals up to 90 per cent of firms operate a percentage fee model, Money Marketing uncovers how firms are really charging for advice. 

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Payment Systems Regulator makes three senior hires

14 January 2015 2:09 pm | By Tessa Norman

PSR will regulate the £75trn payment systems industry from April. 

Store First

Storage pods and car park investments: 'Dispatches' exposes pension risks as April approaches

13 January 2015 1:36 pm

Channel 4’s Dispatches highlights risk of a generation of destitute pensions.

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Steve Webb sets out 'opt-in' auto-transfer pension plans

13 January 2015 8:14 am | By Sam Brodbeck

Pensions minister reveals details of soft launch.

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SimplyBiz mulls flotation or sale of business stake

12 January 2015 9:29 am | By Tessa Norman

Firm says now is the right time to consider its future options. 

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Trader convicted of fraud in £5m investment scam

9 January 2015 3:39 pm | By Tessa Norman

Trader found guilty in conviction brought by the FCA. 

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Ombudsman ruling deals blow to providers in pension liberation fight

9 January 2015 2:07 pm | By Sam Brodbeck

Member complaints rejected but providers should have undertaken more analysis before blocking transfers, says pensions ombudsman.

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High Court winds up £3.3m land banking scam

9 January 2015 2:07 pm | By Tessa Norman

Firms targeted vulnerable investors, says Insolvency Service. 

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Labour peers in last ditch push for guidance backstop

9 January 2015 12:16 pm | By Sam Brodbeck

’Second line of defence’ would introduce extra protection for retirees.

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Cash for pensions: Is Steve Webb's annuity reform plan workable?

9 January 2015 8:30 am | By Sam Brodbeck

Steve Webb wants to allow pensioners who missed out on the Budget reforms to sell on their annuities. But could unaware consumers lose out again?

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Firms face £10bn contracting-out bill for new state pension

8 January 2015 10:59 am | By Sam Brodbeck

50 per cent of firms have no plan in place.

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FOS spends £400k on office move

8 January 2015 10:00 am | By Tessa Norman

Costs of relocation revealed by Money Marketing. 

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Tesco confirms DB pension scheme closure

8 January 2015 9:05 am | By Devraj Ray

Retailer is launching a range of cost-cutting measures in a bid to save up to £250m per year.

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Exclusive: Martin Wheatley warns on unsuitable Budget products download

8 January 2015 8:30 am | By Natalie Holt

In an exclusive interview, the FCA chief executive rings alarm bells on advice charges and provider due diligence ahead of April.

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Employers taking no action on pension freedoms

7 January 2015 11:52 am | By Sam Brodbeck

Despite supporting the Budget reforms, 70 per cent have not yet made any changes.

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MPs attack Bank of England for 'back-covering' during financial crisis

7 January 2015 8:00 am | By Tessa Norman

Minutes of meetings during financial crisis reveal governance failings at Bank of England. 


Regulation review: A year to forget for the FCA

6 January 2015 3:00 pm | By Tessa Norman

A review of a year the FCA would rather forget, and what firms can expect from the regulator in 2015. 

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Senior police officer in court over mortgage 'gaming' charges

6 January 2015 2:13 pm | By Devraj Ray

Chief Inspector John Buttress is on trial at Liverpool Crown Court facing charges of mortgage fraud.

Comments (13)


Implementing the revolution: Will Osborne's Budget reforms stand the test of time?

6 January 2015 1:30 pm | By Sam Brodbeck

2015 will be a truly momentous year for advisers and pension providers.

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