Advisers say Apfa should ‘stick to its principles’ and not consider alternatives to a 15-year long-stop.
More data needs to be gathered to identify the systemic problems asset managers may pose.
Broker banned after submitting a forged document to a court in another matter.
Trade body has not submitted a request to the NAO despite calling for it to review FSCS costs.
Investors in failed property investment scheme Arck are facing further delays as the Financial Services Compensation Scheme continues to investigate claims against advisers
Network offering members incentives to choose its preferred exit options.
The Bank of New York Mellon London branch and international division failed to comply with custody rules.
HSBC has appointed headhunters to seek new non-exec dirtectors, with chairman Douglas Flint reportedly heading for the exit.
The world’s largest asset manager has been cloned by fraudsters.
Award in pension transfers meets proposed FCA requirements.
Penalty is the largest ever imposed by the regulator in connection with payment protection insurance.
Heir to the Nina Ricci perfume and fashion fortune has been sentenced to a year in prision and been fined £720,000.
Complaint has been upheld against the bank in the first case of its kind.
Ruling could allow investors to reclaim overpaid tax on investment bond withdrawals.
People in receipt of annuities will receive 100 per cent compensation if their provider goes bust.
FOS rules firms failed to consider the suitability of investments within Sipps.
LV=, Rowanmoor and Attivo would all have less than 100% coverage if the cap ad rules applied today.
German lender is already under FCA’s “enhanced supervision”.
French authorities have improsed a €1bn bail on HSBC as they investigate alleged tax evasion.
The Bank of England has again voted to maintain base rates and current quantitative easing programmes.
Experts warn Sesame ARs should take action now as they could face delays in getting directly authorised.
The providers’ clients continue to be targeted by scammers.
IMF says it’s not just the largest funds and managers that are risky.
The regulator has been accused of “gold plating” European rules as it sets out what Mifid II means for advisers.
SFO received 2,500 reports from whistleblowers last year.
New P55 form means tax can be repaid more quickly.
Regulator finds firms developing D2C business limiting customer options.
Comparison sites could come under scrutiny for limited protection panels, experts warn.
Lifeboat scheme has paid out £5m for advice firm censured by FCA last month.
With days to go until pension freedom becomes a reality, Money Marketing explores the holes in the most far reaching savings reforms for a century.
MAS has swooped for three new non-execs following the announcement of its 2015/15 business plan.
Advisers slam regulator for “ever-rising” bill.
Nationwide has stopped lending to new borrowers who get paid in a foreign currency.
A schism has opened between the FCA and MPs over the regulator’s approach to transparency.
The FCA has slapped a former accountant with a £35,000 fine for assisting in insider dealing.
Chief exec Keith Richards says those who ignore advice should not qualify for redress further down the line.
80 per cent say they will not advise on selling annuities.
New rules to allow more fundraising by mutuals were yesterday made into law.
Lenders will be forced to apply affordability checks on remortgage customers coming from rivals.
DWP warns over spending, transferring or giving away pensions to claim state benefits.