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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.

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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.

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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.

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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”.

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FCA bans and fines ex-SJP adviser £300k

16 September 2014 10:09 am | By Tessa Norman

Former SJP senior partner advised clients to invest £2.4m in companies of which he was a director.


Hundreds of SMEs to sue RBS over controversial GRG unit

16 September 2014 9:00 am | By Tessa Norman

Small business owners affected by controversial GRG unit plan to sue bank. 


Court orders insider dealing ring to pay £3.2m

15 September 2014 2:37 pm | By Tessa Norman

Seven individuals convicted of insider dealing ordered to pay £3.2m. 


Keydata directors join Stewart Ford’s £607m FCA legal claim

15 September 2014 9:50 am | By Tessa Norman

Value of legal claim against regulator rises from £371m to £607m. 

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Apfa: Project Innovate suggests approvals process 'unfit for purpose'

15 September 2014 8:34 am | By Michael Glenister

Trade body says existing firms could be disadvantaged if more flexible rules are in place for new firms.

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HSBC settles mortgage claim with US regulators for £338m

15 September 2014 8:26 am | By Tessa Norman

Bank accused of misselling mortgage-backed securities to Fannie Mae and Freddie Mac. 


HMRC permanently reinstates Oxford Tech VCT status

12 September 2014 4:05 pm | By Sam Macdonald

HM Revenue & Customs has permanently reinstated venture capital trust status to the Oxford Technology VCT and the Oxford Technology 3 VCT.


SRA strikes off solicitor convicted of mortgage fraud

12 September 2014 1:31 pm | By Devraj Ray

Kamran Malik was imprisoned for five years for his role in a £5.2m mortgage fraud.


FCA secures High Court injunction against clone investment firm

11 September 2014 4:30 pm | By Tessa Norman

Firm prevented from selling shares pending further investigation by FCA. 

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Labour peer: Treasury must set minimum qualification standards for guidance

11 September 2014 1:18 pm | By Steve Tolley

Labour peer Lord Kennedy says FCA’s expectation that those delivering guidance set their own standards is not good enough.

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Lawyers raise concerns over FCA supervisory toolkit

11 September 2014 11:00 am | By Tessa Norman

Skilled person reports and compliance guarantees remain a concern.

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FCA's Wheatley: UK has a dozen 'dark pools'

11 September 2014 9:59 am | By Michael Berry

Most of the largest UK banks operate at least one trading darkpool, with 12 of the intra-business trading systems regulated by the FCA.

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Double take: FOS reviews controversial Sipp ruling

11 September 2014 8:30 am | By Tessa Norman

FOS looks again at decision which has significant implications for advisers and Sipp providers.

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Mortgage fraudsters lodge appeal against judgments

10 September 2014 3:44 pm | By Devraj Ray

Five mortgage fraudsters constructed a property portfolio valued at around £6m.

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BoE: Base rate will not return to 'pre-recession' levels

9 September 2014 2:57 pm | By Devraj Ray

Bank of England governor Mark Carney says an increase in base rate is “getting closer”.


FCA chief Wheatley defends simplified advice paper

9 September 2014 2:31 pm | By Steve Tolley

FCA chief executive Martin Wheatley defends paper described as “solving nothing” by regulatory experts.

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TSC chair Tyrie attacks 'slow and obstructive' FCA

9 September 2014 1:01 pm | By Steve Tolley

Treasury select committee chair Andrew Tyrie demands better information sharing from regulator.

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Should the FCA be handed power to tap phones?

9 September 2014 11:12 am | By Steve Tolley

FCA chief executive Martin Wheatley tells MPs power would enable a different approach to insider trading investigations.

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MEPs demand 'no backward steps' over bonus cap

9 September 2014 9:35 am | By Steve Tolley

Socialist MEPs threaten to block EU financial services chief unless they commit to stopping banks avoiding bonus cap.


FSCS launches consumer awareness campaign with Fearne Cotton

8 September 2014 4:52 pm | By Tessa Norman

Campaign features five celebrities and aims to ‘deepen engagement’ with consumers. 

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£2.5m mortgage fraudster ordered to repay £110,000

8 September 2014 4:34 pm | By Devraj Ray

Jason Omar, 43, was convicted in April 2013 for his role in a £2.5m mortgage fraud.

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Liberal Democrats set out pensions tax relief reform plans

8 September 2014 2:12 pm | By Steve Tolley

Party pledges to launch review on implications of introducing single rate of relief set above 20 per cent

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The Pensions Regulator cuts 25 staff

5 September 2014 2:10 pm | By Sam Brodbeck

Regulator merges DB and DC policy teams.


Govt U-turns on buy-to-let regulation for 'accidental landlords'

5 September 2014 12:55 pm | By Devraj Ray

Treasury says it must regulate part of the UK buy-to-let market to comply with the EU mortgage directive.

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FSCS offers advisers 90% discounts in Keydata legal battle

5 September 2014 12:34 pm | By Tessa Norman

Firms with claims worth less than £100,000 are being offered settlement discounts of up to 90 per cent. 

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Tyrie warns regulators over HBOS collapse report

5 September 2014 8:44 am | By Natalie Holt

TSC chair says there is a risk Bank of England and FCA could unfairly influence the independent investigation

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FCA urged to use guidance guarantee to cut advice costs

4 September 2014 4:34 pm | By Steve Tolley

David Williams IFA consultant Stephen Womack says regulatory approval of guidance fact finds could make advice cheaper.

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Seven conveyancers banned over £8m fraud

4 September 2014 2:50 pm | By Devraj Ray

Solicitors Compensation Fund has had to pay out £13m in compensation to more than 2,500 clients.


BoE holds base rate at 0.5% once again

4 September 2014 12:10 pm | By Devraj Ray

Programme of quantitative easing is maintained at £375bn.

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FCA reviews pension transfer qualifications

4 September 2014 9:30 am | By Michael Glenister

The FCA is considering reducing qualification requirements for occupational DC to drawdown pension transfers, Money Marketing understands.

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Think-tank mocks FCA for trying to create 'perfect' market

4 September 2014 8:18 am | By Steve Tolley

MPs told FCA using “first year A-Level economics textbook” in bid to create a “perfect” market.

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FCA fines RBS £14.5m over poor mortgage advice

4 September 2014 | By Tessa Norman

The banks’ mortgage advisers failed to properly assess affordability and gave personal views on interest rate movements


FCA forces banks to reopen over two million PPI complaints

4 September 2014 | By Steve Tolley

Banks asked to reasses over two million old complaints and write to five million customers at “high risk” of having being missold

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