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FCA sees 80% jump in contested enforcement cases

The number of FCA enforcement cases contested by firms has increased by 80 per cent in one year, data shows. FCA figures show 17 more cases were referred to the regulatory decisions committee last year, bringing the total number to 38 for 2015, the Financial Times reports. The committee is part of the FCA’s independent […]

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Royal London pulls out of bid for Axa protection arm

Royal London has pulled out of a bid for Axa Wealth’s protection business SunLife, Money Marketing can reveal. In February the mutual entered second round talks to buy the over-50s cover business from the insurer – which is splitting up its UK life operations – but it is understood the firm has walked away from […]

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FCA under fire over lack of transparency following opaque reports

The FCA is under fire after a series of publications perceived as lightweight has left the industry guessing what action has been taken behind the scenes. Following its report on due diligence report in February, commentators expressed surprise at the brevity of the six-page document and called for the regulator to be clearer about the consequences for […]

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