Can automated risk profiling top human reviews?
Two advice firms and one individual adviser have lost their FCA permissions for failing to pay regulatory fees. According to final notices from the FCA, Michelle Singlehurst, Hale Financial Services and Independent Portfolio Managers ceased to be authorised on 21 June. Singlehurst failed to pay £2,523 comprising of regulatory fees and levies worth £2,023 and £500 […]
The regulator has agreed to review its processes for updating the financial services register and will compensate an investor who was scammed after relying on incorrect information. A final report from the Complaints Commissioner says a complainant used the register to check the authorisation and defaults history of a credit union before buying bonds. The complainant […]
New FCA chair Charles Randell has said that leave the EU will not lead to a bonfire of regulation, but could provide an opportunity for “right-sized” rules. Speaking to the Financial Times, Randell says because the role of the FCA should differ between parts of the market, Brexit should not set an overarching move to […]
The Pensions Regulator (TPR) has issued its first fines to employers for failing to meet their auto-enrolment duties, along with 163 compliance notices giving employers a deadline to take action.
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