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FCA issues further guidance on ‘personal recommendation’ standard

The FCA has finished implementing the recommendations of the Financial Advice Market Review with the publication today of a policy statement relating to personal recommendations today. The FCA aligned itself with Mifid II last year by mandating that regulated advice must contain a personalised recommendation. In August last year, the FCA published a consultation paper […]

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FCA wins authorisation cancellation fee complaint

The FCA has survived a complaint where a firm wanted a fee charged for cancelling its authorisation refunded. The firm was charged a £1,300 fee after it missed the deadline to have its FCA authorisation cancelled. The firm initially complained to the FCA saying it was unfair the fee was charged because it understood it […]

Construction Building 480
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Alan Hughes: Did FCA authorisation process fail British Steel members?

Questions have been raised as to whether the regulator should have spotted warning signs at the key firms involved earlier. Recent weeks have seen depressingly familiar headlines being bandied about, as the British Steel saga continues to play out. Hearing the phrase “pensions misselling scandal” being regularly used shows that, despite the progress made on […]

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