Regulation

        FCA to gather evidence on PPI complaints process

        Professional Adviser | 30 Jan 2015 | 07:24

        The Financial Conduct Authority (FCA) is planning to gather evidence on current trends in complaints related to payment protection insurance (PPI).

        fca-logo
        brucemoss

        Stochastic models: The need for greater transparency

        Stochastic models are highly useful but shrouded in mystery. Something that has to change, writes Bruce Moss

        Professional Adviser | 29 Jan 2015 | 12:00
        counsell-charles-tpr

        TPR fines 169 firms over auto-enrolment failures

        More than 160 employers were issued fixed penalties of £400 last year after The Pensions Regulator (TPR) ramped up the use of its powers for auto-enrolment failures.

        Professional Adviser | 28 Jan 2015 | 11:33

    Other Regulation articles

      crossroads

      Pension provider fears 'advice' risk in FCA's retiree rules

      Providers fear the regulator's new rules on how they must deal with retirees will leave customers wrongly assuming they have received advice, if details of what is expected of them are not published soon, according to an industry figure.

      Professional Adviser | 28 Jan 2015 | 07:44
      fscs-advert-preview

      Network and nine advice firms declared in default

      The Financial Services Compensation Scheme (FSCS) has declared one former network and nine other advice firms in default.

      Professional Adviser | 27 Jan 2015 | 10:46
      black-scorpion-logo

      'Three-fold rise' in attempted pension liberation scams post-Budget

      Pension scheme members are three times more likely to be approached about accessing their pots since the Budget freedoms were announced, according to research.

      Professional Adviser | 27 Jan 2015 | 09:48
      complaints

      Pension complaints fall as savers await April 'freedoms'

      Complaints about pensions dealt with by the Financial Ombudsman Service (FOS) have fallen markedly year on year, figures show, with the impending changes to legislation cited as a possible explanation for the drop.

      Professional Adviser | 27 Jan 2015 | 08:17
      hmrc-swoop

      HMRC income from tax crackdown on 'mass affluent' up 60%

      HMRC's crackdown on tax avoidance and evasion by people who it calls "mass affluent" saw an income boost of 60% in the last year, a new report has claimed.

      Professional Adviser | 26 Jan 2015 | 06:55
      mark-hoban-mp-210110

      Ex-Treasury minister Mark Hoban to exit politics

      Ex-Treasury minister Mark Hoban is to quit parliament from May.

      Professional Adviser | 23 Jan 2015 | 13:18
      newspapers-stack

      Catch up: Five retirement stories you might have missed

      Here’s a round-up of five key retirement and advice stories from the past week...

      Professional Adviser | 23 Jan 2015 | 11:32
      Photo of people covering their faces with cards picturing question marks

      RP Poll: Should simplified advice be commission based?

      In this week’s RP Poll we ask readers whether commission should be brought back in a limited form…

      Professional Adviser | 23 Jan 2015 | 11:21
      holiday-beach-deck-chairs

      Will 2015 finally offer some R&R from RDR?

      The financial advice industry may finally be ready to move on from the biggest regulatory upheaval in decades, but what other challenges lie ahead, asks Aileen Lynch...

      Professional Adviser | 23 Jan 2015 | 10:39
      Closed sign

      Property fund claims help push 24 firms into default

      Advice to invest in a troubled unregulated overseas property scheme has helped push 24 firms over into failure, the Financial Services Compensation Scheme (FSCS) has said.

      Professional Adviser | 23 Jan 2015 | 08:18
      fca-flexes-muscles

      FCA to act even earlier to counter charges of ‘retrospective regulation'

      The Financial Conduct Authority (FCA) has said it will look to take even earlier pre-emptive action against what it believes is bad practice in a bid to counter accusations from the industry that it unfairly employs retrospective regulation.

      Professional Adviser | 22 Jan 2015 | 15:04
      choices0

      FCA outlines approach to 'decision tree' investment distribution models

      The Financial Conduct Authority (FCA) has provided what it hopes is further clarity on the boundaries of advice and information when building decision tree based investment models, following concerns about the clarity of its initial suggestions.

      Professional Adviser | 22 Jan 2015 | 13:29
      fca

      FCA tweaks guidance on what constitutes 'advice'

      The Financial Conduct Authority (FCA) has set out its final definitions of regulated advice and personal recommendations in retail investment, in a move it hopes will help firms develop 'low cost' distribution models with confidence.

      Professional Adviser | 22 Jan 2015 | 11:52
      legal-tribunals

      Arch’s Farrell disappointed by 'regrettable' Tribunal ruling

      Arch Financial Products (AFP) chief executive Robin Farrell and former compliance officer Robert Addison have said they are “disappointed” with an Upper Tribunal decision to uphold a regulatory ban and fine against them, but felt "vindicated" by parts of the judgement.

      Professional Adviser | 21 Jan 2015 | 12:19
      Thumbs up or thumbs down

      'Impartial' fund ratings service launches in UK

      South-African firm Fundhouse has launched a fund ratings service for UK financial advisers, offering what it says are wholly unbiased and impartial comments on well-known funds.

      Professional Adviser | 21 Jan 2015 | 07:57
      sheriar-bradbury-outdoors

      Simplified advice could include ‘limited’ return to commission

      Simplified advice could include an element of commission on a limited range of products to ensure people can actually afford to see a financial planner, Sheriar Bradbury has said.

      Professional Adviser | 20 Jan 2015 | 12:46
      Judge's gavel

      Arch’s Farrell and Addison lose FCA tribunal case

      Arch Financial Products (AFP) directors Robin Farrell and Robert Addison have lost their case appealing a regulatory fine and ban against them for their role in managing the failed Arch Cru funds.

      Professional Adviser | 20 Jan 2015 | 10:37

Poll

    Will the FCA's ‘second line of defence’ save retirees from bad outcomes?