Flurry of FCA activity to impact mortgage advisers

Regulator unveils proposed directory of senior financial services professionals, publishes fees for 2018/19 and approves new tech-based mortgage firms. The Financial Conduct Authority published a raft of reports, consultations and policy initiatives over the past month and many will have a direct impact on the mortgage sector. Recently, the FCA has put forward plans to […]

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Pension scam losses jump 70%

The delay on the ban of pensions cold-calling until the Autumn will continue to compound fraud problems in the pensions space, AJ Bell says. The platform has responded to figures from City of London Police who say pensions are the common target for the increased number of investment fraudsters this tax year. A total of £51m has […]


Govt makes delay to cold-call ban official

The government has made the postponement of a cold-call ban until autumn official. Under the terms of terms of the Financial Guidance and Claims Act 2018, the government was required to bring forward its plans for a ban on cold-calling by the end of June. If government did not introduce a ban by June it […]

Govt backs down on mutual regulatory recognition after Brexit

The government has moved away from mutual recognition of regulation after exiting the European Union, instead pursuing an arrangement that will see financial services companies having scaled-back access to each other’s markets. The government released its much-awaited Brexit White Paper today. Mutual recognition would have resulted in the UK and EU recognising each other’s rules […]


FSCS declares more advice firms in default

The Financial Services Compensation Scheme has declared eight firms in default in June, at least half of which are financial advisers. Firms included on the list are Professional Financial Advisers of Cheltenham, Yorkshire-based ICF Group and Scottish business Fergus Burns, which was formerly called The Financial Planning Partnership. Also on the list is West-Midlands business […]