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Poll: Should the FCA’s enforcement division be split out into an independent body?

MPs are calling for an independent body following several reports into the collapse of HBOS. The Treasury committee says an “independent enforcement function” should sit between the FCA and the Prudential Regulation Authority. It says the current system – where one body supervises, applies and prosecutes the law – is “outdated and can be construed […]

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]

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FCA warns P2P investors may not understand risks

The FCA wants feedback on what to include in its upcoming review into crowdfunding rules, including around Innovative Finance Isas. The review will consider both loan and investment-based crowdfunding. The FCA is seeking feedback on whether investors are aware of the risks involved with innovative finance Isas. The call for input document, published today, says: […]

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JLT cuts 300 employee benefit jobs as RDR hits revenue

JLT has reduced headcount at its UK and Ireland employee benefit business by over 300 as part of a restructure of the group. In interim results, published today, JLT says “decisive action” has been taken in a bid to achieve £14m of savings in 2017. It says the 2016 target of cutting costs of £9m […]

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