Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.
In his latest monthly instalment, the CII's David Thomson provides an update on the key regulatory events of the past few weeks...
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Sesame, the UK's largest network of financial advisers, has been fined £1.6m by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme that "undermined the ban on commission payments brought in by the Retail Distribution Review (RDR)".
The Financial Conduct Authority (FCA) has fined Yorkshire Building Society £4.1m for failings when dealing with its mortgage customers experiencing payment difficulties.
The Financial Conduct Authority (FCA) is proposing to limit the distribution of mutual society shares to 'sophisticated' or high net worth investors, unless specific requirements have been met.
The Financial Conduct Authority (FCA) has offered help to financial advisers who want to build simplified advice models, saying it is prepared to give 'individual guidance' or an 'informal steer' as part of its Project Innovate.
David Thompson on why he believes that, behind the wealth of opportunity and increased freedom offered by the new pensions legislation, a major risk is lurking...
The Financial Conduct Authority (FCA) has discontinued an investigation into whether a distribution deal between Partnership Assurance and an advisory firm contravened its rules on incentives, according to the provider.
The Association of Professional Financial Advisers (APFA) has reported a profit for the second time since 2010, although surplus figures dipped by almost £90,000.
Non-mainstream investments will be beyond the pale for the majority of clients but the FCA continues to scrutinise advisers' understanding of them. Aileen Lynch reviews the rules...
As the dust settles on the Chancellor's latest big pensions announcement, Mark Pearson reflects on what impact the proposals may have on various client groups...
A former appointed representative of the Sense Network is being investigated by police for allegedly running an unauthorised deposit taking scheme, Police Scotland has confirmed.
Chair of the Financial Services Consumer Panel (FSCP) Sue Lewis has told MPs she expects the emergence of "a lot of toxic products" in the retirement sector following the announcement of new pension freedoms in the Budget.
Advisers have rated Financial Conduct Authority (FCA) presentations above 90% for the second quarter in a row, according to a survey by the Personal Finance Society (PFS).
The Financial Conduct Authority (FCA) expects the guidance guarantee to “help people understand the questions they should be asking”, not offer choices for them, director of policy David Geale has told MPs.
Investors using direct to consumer platforms are now among the largest shareholders in investment trusts, as a post-Retail Distribution Review (RDR) revival for the sector gets underway.
Complaints to the Financial Ombudsman Service (FOS) about annuities and income drawdown products have seen an uptick the since the March Budget, new figures have shown.
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