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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.


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.

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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.

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Advisers hit out at FSCS for 'heart sinking' £20m interim levy

27 March 2015 1:00 pm | By Tessa Norman

FSCS has hit life and pensions advisers with a £20m for Sipp misselling claims. 

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Former Logica manager jailed for insider dealing

27 March 2015 12:06 pm | By Tessa Norman

Ryan Willmott sentenced to 10 months in prison after guilty plea. 


Thousands of flexible drawdown savers risk sleepwalking into reporting fine

27 March 2015 11:43 am | By Sam Brodbeck

Existing drawdown customers exposed by HMRC reporting requirements.

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Aegon writes to DWP over 'safeguarded benefits' confusion

27 March 2015 11:00 am | By Sam Brodbeck

New ‘safeguarded benefits’ definition conflicts with existing rules.

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Just say no: Fears grow over 'insistent' transfers regulatory backlash

27 March 2015 9:30 am | By Sam Brodbeck

Networks and compliance experts are warning advisers against using ‘insistent’ customer processes to appease clients trying to transfer out of defined benefit schemes.

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Advisers frustrated by ScotWids' 'appalling' pension input period policy

27 March 2015 9:30 am | By Sam Brodbeck

Provider reluctant to give advisers pension input period info.

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MPs call for review of ‘dysfunctional’ FCA over closed book probe

27 March 2015 8:42 am | By Natalie Holt

TSC hits out at regulator for creating  ”false market” in insurers’ shares and says FCA board should review its effectiveness.

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Conflicting drawdown assumptions 'recipe for confusion'

26 March 2015 4:58 pm | By Sam Brodbeck

Calls on the FCA to produce “firm standards” to help customers.

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Govt urged to accelerate reform of 'waste of money' MAS

26 March 2015 3:00 pm | By Mark Sands

The Government must accelerate reforms of the Money Advice Service or risk wasting huge sums of advisers’ money, MPs warn.


Aviva U-turns on pension guidance plans

26 March 2015 2:30 pm | By Sam Brodbeck

Aviva has backtracked on plans to offer customers guidance on what to do with their pensions in favour of an “information-only” service.

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FCA reviews independence standards as Mifid II deadline approaches

26 March 2015 2:29 pm | By Valentina Romeo

The FCA is reviewing the standards advisers must reach to hold themselves out as ‘independent’ ahead of the introduction of Mifid II reforms.

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FCA raises adviser fees by 10%

26 March 2015 12:16 pm | By Tessa Norman

Minimum fee also hiked for first time in four years. 

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MAS 'money advice' budget cut by 21%

26 March 2015 11:52 am | By Tessa Norman

FCA redistributes £9m of money advice budget to debt advice services. 

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FCA whistleblowing reports up by 44%

26 March 2015 11:15 am | By Tessa Norman

Law firm Pinsent Masons says regulator has created a culture where staff ‘cover their backs’. 

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FCA eyes DFM rebates ban in Mifid II overhaul

26 March 2015 11:14 am | By Laura Suter

The FCA has released a discussion paper on Mifid II.


CII chief exec Sandy Scott to stand down

26 March 2015 9:42 am | By Sam Brodbeck

Scott leaves the Chartered Insurance Institute in March 2016 after 16 years with the organisation.

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FCA issues warning over 'complex' pension freedoms products

26 March 2015 9:03 am | By Sam Brodbeck

Regulator finds firms developing D2C business limiting customer options

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Under the radar: Why the FCA must do more to shut down pension scams

26 March 2015 8:30 am | By Tessa Norman

Analysis by Money Marketing suggests FCA’s warning notices strategy is ineffective. 

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FCA wins landmark appeal against exotic investments

26 March 2015 8:25 am | By Laura Suter

Court of Appeal ruled in the FCA’s favour.

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Martin Lewis aiming to join MAS review ‘challenger panel’

25 March 2015 3:32 pm | By Mark Sands

Martin Lewis has offered to support MAS in reviewing the findings of the Farnish report after being invited to join a ”challenger panel”.

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Old Mutual marketing head Mike Barrett exits for The Lang Cat

25 March 2015 12:08 pm | By Tessa Norman

Barrett is leaving Old Mutual after 18 years with the provider. 

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BoE creates oversight boards after mortgage system failure

25 March 2015 10:31 am | By Mark Sands

Independent review into last year’s mortgage systems collapse published. 

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HSBC to relocate retail banking head office to Birmingham

25 March 2015 8:42 am | By Valentina Romeo

HSBC is to relocate the head office of its ring-fenced retail and business banking operations to Birmingham.

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FCA to launch fresh investigation into the mortgage market

24 March 2015 12:46 pm | By Paul Thomas

The FCA plans to investigate the mortgage market to see if there are “competition” issues that are failing consumers.

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Former adviser pleads guilty to Ponzi scheme fraud

24 March 2015 10:38 am | By Tom Selby

Former IFA David Gerald Dixon, who created a multi-million pound Ponzi scheme, has pleaded guilty to five charges of fraud.

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Pension competition and financial crime: What are the key risks facing the FCA this year?

24 March 2015 10:13 am | By Tom Selby

The FCA’s business plan for 2014/15, published this morning, lays out the major potential challenges it could face this year.

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FCA hikes budget to £479m

24 March 2015 9:00 am | By Laura Suter

The industry will pay more for the regulator this year.

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FCA sets out plans to regulate pension freedoms

24 March 2015 8:41 am | By Natalie Holt

Regulator to look at how providers have changed their practices and the suitability of retirement advice.

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SimplyBiz launches pension transfer outsourcing service

23 March 2015 3:25 pm | By Sam Brodbeck

Transfer bureau aims to help advisers comply with tighter controls on pension transfers.


Apfa calls for regulatory budgets freeze in advice 'manifesto'

23 March 2015 3:14 pm | By Tom Selby

Apfa is calling for regulatory budgets to be frozen and reporting requirements slashed as part of a package of reforms designed to dramatically cut advisers’ costs.

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