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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.

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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.

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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.

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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.

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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.

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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.

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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. 

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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. 

Comments (3)

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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. 

Comments (1)

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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?

Comments (8)

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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.

Comments (4)

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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. 

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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. 

Comments (7)

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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.

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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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