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Apfa accused of 'giving up' on fight for long-stop

17 April 2015 11:56 am | By Tessa Norman

Advisers say Apfa should ‘stick to its principles’ and not consider alternatives to a 15-year long-stop. 

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Industry calls for clarity on IMF asset manager stress tests

17 April 2015 11:00 am | By Laura Suter

More data needs to be gathered to identify the systemic problems asset managers may pose.

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Tribunal upholds FCA ban for PI broker

16 April 2015 10:46 am | By Tessa Norman

Broker banned after submitting a forged document to a court in another matter. 


Apfa fails to act on FSCS costs after calling for NAO audit

16 April 2015 9:30 am | By Tessa Norman

Trade body has not submitted a request to the NAO despite calling for it to review FSCS costs. 

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Arck investors face further FSCS claim delays

16 April 2015 8:34 am | By Tom Selby

Investors in failed property investment scheme Arck are facing further delays as the Financial Services Compensation Scheme continues to investigate claims against advisers

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Sesame accused of 'pressure tactics' over three-month deadline

15 April 2015 2:45 pm | By Tessa Norman

Network offering members incentives to choose its preferred exit options. 

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FCA fines BNY Mellon £126m for custody failings

15 April 2015 10:18 am | By Laura Suter

The Bank of New York Mellon London branch and international division failed to comply with custody rules.


HSBC paves the way to replace chairman

15 April 2015 8:52 am | By Mark Sands

HSBC has appointed headhunters to seek new non-exec dirtectors, with chairman Douglas Flint reportedly heading for the exit.

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FCA issues warning over BlackRock clone scam

14 April 2015 4:06 pm | By Laura Suter

The world’s largest asset manager has been cloned by fraudsters.


University College launches pension transfer qualification

14 April 2015 10:11 am | By Sam Brodbeck

Award in pension transfers meets proposed FCA requirements.

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FCA fines Clydesdale Bank £20.6m over PPI complaint handling

14 April 2015 10:08 am | By Natalie Holt, Tessa Norman

Penalty is the largest ever imposed by the regulator in connection with payment protection insurance.

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Heiress convicted of HSBC tax fraud

14 April 2015 8:33 am | By Natalie Holt

Heir to the Nina Ricci perfume and fashion fortune has been sentenced to a year in prision and been fined £720,000.

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FOS rules against HSBC over rejecting mortgage based on age

13 April 2015 8:48 am | By Natalie Holt

Complaint has been upheld against the bank in the first case of its kind.

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Tribunal upholds investor's claim over £383k tax bill

10 April 2015 1:28 pm | By Tessa Norman

Ruling could allow investors to reclaim overpaid tax on investment bond withdrawals. 

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PRA confirms 100% annuity compensation

10 April 2015 12:22 pm | By Sam Brodbeck

People in receipt of annuities will receive 100 per cent compensation if their provider goes bust.

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FOS upholds four Harlequin complaints against advice firms

10 April 2015 10:26 am | By Tessa Norman

FOS rules firms failed to consider the suitability of investments within Sipps. 

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How ready are Sipp providers for imminent cap ad hike?

10 April 2015 9:30 am | By Sam Brodbeck

LV=, Rowanmoor and Attivo would all have less than 100% coverage if the cap ad rules applied today.


Deutsche Bank faces record $1.5bn Libor fine

10 April 2015 8:44 am | By Sam Brodbeck

German lender is already under FCA’s “enhanced supervision”.


France starts HSBC criminal probe and sets €1bn bail

9 April 2015 3:21 pm | By Mark Sands

French authorities have improsed a €1bn bail on HSBC as they investigate alleged tax evasion. 

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BoE holds base rate at 0.5% for 73rd month

9 April 2015 12:16 pm | By Mark Sands

The Bank of England has again voted to maintain base rates and current quantitative easing programmes.

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Sesame members warned over authorisation delays

9 April 2015 11:00 am | By Tessa Norman

Experts warn Sesame ARs should take action now as they could face delays in getting directly authorised. 


Standard Life warns advisers over ‘sophisticated’ email scams

9 April 2015 10:00 am | By Tessa Norman

The providers’ clients continue to be targeted by scammers. 

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IMF calls for asset manager stress tests

9 April 2015 8:34 am | By Laura Suter

IMF says it’s not just the largest funds and managers that are risky.


Looming threat: Is the FCA going over the top on EU's Mifid II rules?

9 April 2015 8:30 am | By Tessa Norman

The regulator has been accused of “gold plating” European rules as it sets out what Mifid II means for advisers. 

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Concerns over SFO funding as it opens just 12 investigations in a year

7 April 2015 11:10 am | By Tessa Norman

SFO received 2,500 reports from whistleblowers last year. 

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HMRC unveils new forms to reclaim tax on pensions

2 April 2015 5:17 pm | By Sam Brodbeck

New P55 form means tax can be repaid more quickly.

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FCA: We will not constrain industry on pension freedoms

2 April 2015 1:30 pm | By Sam Brodbeck

Regulator finds firms developing D2C business limiting customer options.

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Experts raise comparison site concerns ahead of FCA protection study

2 April 2015 11:00 am | By Tessa Norman

Comparison sites could come under scrutiny for limited protection panels, experts warn. 

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FSCS pays out £13m for four Sipp advice firms

2 April 2015 10:00 am | By Tessa Norman

Lifeboat scheme has paid out £5m for advice firm censured by FCA last month. 

Comments (8)


Shot full of holes: Fatal flaws remain as pension freedom looms

2 April 2015 8:30 am | By Sam Brodbeck

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.

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MAS recruits non-exec trio

1 April 2015 3:48 pm | By Mark Sands

MAS has swooped for three new non-execs following the announcement of its 2015/15 business plan.

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FCA must 'get a grip' on adviser fees after 10% hike

1 April 2015 2:00 pm | By Tessa Norman

Advisers slam regulator for “ever-rising” bill. 

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Nationwide stops new lending where income is in foreign currency

1 April 2015 12:39 pm | By Paul Thomas

Nationwide has stopped lending to new borrowers who get paid in a foreign currency.

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Scathing TSC report opens schism between MPs and FCA

1 April 2015 11:30 am | By Mark Sands

A schism has opened between the FCA and MPs over the regulator’s approach to transparency.

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FCA hits retired accountant with £35k fine for insider dealing

30 March 2015 11:38 am | By Mark Sands

The FCA has slapped a former accountant with a £35,000 fine for assisting in insider dealing.

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PFS warns Govt and FCA over ‘insistent client’ misselling risks

30 March 2015 8:28 am | By Natalie Holt

Chief exec Keith Richards says those who ignore advice should not qualify for redress further down the line.

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Unwilling advisers threaten Govt tradeable annuites plan

27 March 2015 3:06 pm | By Sam Brodbeck

80 per cent say they will not advise on selling annuities.

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Mutual fundraising legislation granted Royal Assent

27 March 2015 1:42 pm | By Mark Sands

New rules to allow more fundraising by mutuals were yesterday made into law.


'Bad day for consumers': FCA publishes final credit directive rules

27 March 2015 1:39 pm | By Paul Thomas

Lenders will be forced to apply affordability checks on remortgage customers coming from rivals.

Comments (11)


Govt confirms undrawn pensions out of debt collectors' reach

27 March 2015 1:38 pm | By Sam Brodbeck

DWP warns over spending, transferring or giving away pensions to claim state benefits.

Comments (3)

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