Regulation

        FOS names Caroline Wayman chief ombudsman and CEO

        Professional Adviser | 23 Jul 2014 | 15:31

        The Financial Ombudsman Service (FOS) has named Caroline Wayman as its chief ombudsman and CEO, succeeding Natalie Ceeney.

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        FOS fends off increasing number of pension complaints

        The Financial Ombudsman Service (FOS) has fended off an increasing number of pension complaints in the first quarter of this year as the number of complaints increased but uphold rates dropped.

        Professional Adviser | 23 Jul 2014 | 07:22
        A stock exchange screen

        FCA fines former J.P. Morgan banker £450,000 for market abuse

        The Financial Conduct Authority (FCA) has fined a former senior J.P. Morgan banker £450,000 after he disclosed inside information to contacts.

        Professional Adviser | 22 Jul 2014 | 15:58

    Other Regulation articles

      carl-lamb

      Pillar of the community: A profile of IFA Carl Lamb

      Clients have always come first at Almary Green, the award-winning IFA firm run by Carl Lamb. But the company’s ethos doesn’t stop there; helping the wider community is also a key part of the firm’s strategy…

      Professional Adviser | 22 Jul 2014 | 11:07
      cartoon-devil-and-angel

      To wait or not to wait: Should clients defer buying an annuity?

      It is a question many advisers are facing when considering clients' impending at-retirement choices in the wake of the pension freedoms unveiled at Budget 2014. So what are advisers recommending?

      Professional Adviser | 22 Jul 2014 | 10:03
      tyrie

      Tyrie writes to Chancellor over MAS role in pensions 'guidance'

      The proposed role of the Money Advice Service (MAS) in delivering financial guidance to thousands of retirees is "concerning", according to Treasury Select Committee (TSC) chairman Andrew Tyrie.

      Professional Adviser | 21 Jul 2014 | 15:37
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      Advisers could pay third of retirement 'guidance' costs

      Financial advisers could pay a larger share of the costs for delivering the government's ‘guidance guarantee' than pension providers.

      Professional Adviser | 21 Jul 2014 | 13:35
      steve-webb1

      Webb gives clearest hint yet of retirement ‘guidance' model

      Pensions minister Steve Webb has given the clearest indication yet of the make-up of the government's retirement ‘guidance guarantee', which will include a clear "hand off" to full advice for those who need it.

      Professional Adviser | 18 Jul 2014 | 11:48

      Video: Steve Webb on annuities, investment risk and pensions 'guidance'

      In Professional Adviser's latest The Hard Questions series, Brendan Llewellyn, director of Adviser Home, interviews Steve Webb.

      Professional Adviser | 18 Jul 2014 | 11:30 | video
      wheatley-libor

      Wheatley: No prospect of 'regulatory dividend' for advisers

      The prospect of a 'regulatory dividend' for advisory firms - proposed by the Association of Professional Financial Advisers (APFA) - has been all but ruled out by the Financial Conduct Authority (FCA).

      Professional Adviser | 18 Jul 2014 | 07:55
      keydata

      FSCS 'hopes' to provide full account of Keydata recoveries in 2015

      Financial Services Compensation Scheme (FSCS) chief executive Mark Neale has said the service "hopes" to be able to publish a full account of what it has clawed back from firms who mis-sold Keydata products next year.

      Professional Adviser | 17 Jul 2014 | 13:14
      Martin Wheatley

      Wheatley: Long-stop project now 'slightly more complicated'

      Advisers' hopes for the re-introduction of a long-stop on client complaints have suffered a blow after Financial Conduct Authority (FCA) chief Martin Wheatley suggested the regulator's investigation into the matter may have hit a roadblock.

      Professional Adviser | 17 Jul 2014 | 12:22
      yorkshirebank

      Yorkshire Bank threatens to chase advisers over Arck redress claims

      Yorkshire Bank has threatened advisers who sold failed property investment scheme Arck that it will pursue them for money if their clients make a claim for compensation against the bank.

      Professional Adviser | 17 Jul 2014 | 10:24
      A magnifying glass and a book

      Six surprising snippets from the FCA's simplified advice paper

      The Financial Conduct Authority (FCA) has attempted to clear up some of the confusion surrounding the boundaries between various advice models, and clarify what constitutes a 'personal recommendation'.

      Professional Adviser | 15 Jul 2014 | 11:49
      moss-bruce

      Fog of uncertainty remains over simplified advice, says Moss

      The Financial Conduct Authority (FCA) has failed to provide clarity and reassurance over the development of simplified advice models in its latest consultation, according to eValue strategy director Bruce Moss.

      Professional Adviser | 15 Jul 2014 | 10:20
      Judge's gavel

      FCA defends ‘inconsistent' FOS decision making

      The Financial Conduct Authority (FCA) has defended the Financial Ombudsman Service (FOS) from allegations of inconsistent case verdicts.

      Professional Adviser | 15 Jul 2014 | 08:13
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      FCA to impose price cap on payday lenders

      The Financial Conduct Authority (FCA) has proposed restricting the amount borrowers using payday lenders can be charged in interest and fees, in a move which estimates suggest could cost providers £420m in revenues.

      Professional Adviser | 15 Jul 2014 | 08:05
      Spotlight distribution cloud

      Breakdown: The five investment distribution models (as the FCA sees it)

      Think you know the full retail investment product distribution landscape?

      Professional Adviser | 14 Jul 2014 | 15:01
      fca-logo

      Advice vs guidance: The FCA case studies

      The Financial Conduct Authority (FCA) is consulting on the boundaries between advice and guidance after it found execution-only services have strayed into giving advice.

      Professional Adviser | 11 Jul 2014 | 15:14
      housequestion

      The FCA's five key tests for investment advice

      The Financial Conduct Authority (FCA) has outlined its five key tests for investment advice as part of a guidance consultation examining the boundaries between different advice models.

      Professional Adviser | 11 Jul 2014 | 13:47

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