Regulation

        Ex-adviser pleads guilty to 24 fraud charges

        Professional Adviser | 28 Nov 2014 | 17:02

        Ex-financial adviser Alok Dhanda has pleaded guilty to a total of 24 counts of fraud in relation to an alleged Ponzi scheme.

        Judge's gavel
        Resignation letter

        Simply? Impossible: The reality behind the FCA’s latest theory on suitability letters

        The Financial Conduct Authority (FCA) wants suitability letters to be customer focused, not geared to protecting the firm’s position, and short. But that is virtually impossible, say advisers

        Professional Adviser | 28 Nov 2014 | 11:08
        matching-doors

        New adviser entries outnumber exits by 40% in 2014

        The number of advisory businesses entering the industry this year outnumbered those leaving by almost 40%, according to new research.

        Professional Adviser | 28 Nov 2014 | 07:36

    Other Regulation articles

      Money down drain

      Consumers should pay for guidance guarantee - adviser

      Consumers should pay a share of the cost of the guidance guarantee, or they will fail to value the service, an adviser has argued.

      Professional Adviser | 28 Nov 2014 | 07:30
      hannant-chris

      Guidance guarantee fee cut to save advisers up to £4m a year - APFA

      The Association of Professional Financial Advisers (APFA) has welcomed new proposals to fund the guidance guarantee set out by the regulator today, saying it could save the advice industry £2m-£4m a year.

      Professional Adviser | 27 Nov 2014 | 16:00
      steve-gazzard1

      ‘The RDR is only partially working': The world according to IFP chief Steve Gazzard

      IFP chief executive Steve Gazzard on ‘regulated selling', advice versus planning and a new project dissecting conflicts of interest...

      Professional Adviser | 27 Nov 2014 | 07:45
      foslogo

      Advice firm ordered to repay £7k fee to unhappy client

      An IFA has been ordered to repay a £7,400 upfront fee it received from a client who subsequently felt its recommendations were inappropriate, following a final decision from the ombudsman.

      Professional Adviser | 27 Nov 2014 | 07:36
      foslogo

      FOS suggests Arck unsuitable for all but sophisticated investors

      Three investments in off-plan property firm Arck totalling £45,000 were too high risk and complex for a client, the Financial Ombudsman Service (FOS) has ruled, despite the adviser's claims he had previously invested in similar schemes.

      Professional Adviser | 26 Nov 2014 | 13:15
      neil-high-res1

      Simplified advice: How simple should your new model be?

      Thinking of building a simplified advice proposition? Here's what to look out for to minimise the risks to both you and your clients, writes Neil Walkling...

      Professional Adviser | 26 Nov 2014 | 09:55
      steve-gazzard1

      Industry missing 'regulated selling' says IFP chief

      Policymakers missed an opportunity to narrow the advice gap by failing to make room for ‘regulated selling' in the RDR reforms, Institute of Financial Planning (IFP) chief executive Steve Gazzard has said.

      Professional Adviser | 26 Nov 2014 | 07:54
      hannant-chris

      Don't do it! Half of advisers don't back their profession as a career choice

      A mere half of financial advisers would recommend the profession as a career choice to a family member, new research suggests.

      Professional Adviser | 25 Nov 2014 | 13:38
      fca

      Financial adviser numbers up 5% on eve of RDR levels

      The number of financial adviser has risen slightly in the post-Retail Distribution Review (RDR) years, though has dipped since January, new figures have shown.

      Professional Adviser | 25 Nov 2014 | 10:53
      jersey-channel-island-map-web

      Warning over 'fake' offshore bank

      Banking regulators in Jersey have warned consumers and investors not to deal with a bank claiming to operate in the Channel Islands.

      Professional Adviser | 25 Nov 2014 | 07:40
      steve-gazzard1

      IFP partners with FCA on ‘conflicts of interest' project

      The Institute of Financial Planning (IFP) is in discussions with the regulator about drawing up a definitive list of possible conflict of interest scenarios that crop up during the advice and planning process.

      Professional Adviser | 24 Nov 2014 | 12:02
      clock striking twelve with pound sign

      Keydata claimants set for further payouts

      The Financial Services Compensation Scheme (FSCS) is notifying investors who lost money in Lifemark-backed bonds distributed by Keydata that they can expect further payments shortly.

      Professional Adviser | 23 Nov 2014 | 20:58
      rory-percival-new

      FCA's Percival: More guidance is not the answer

      The Financial Conduct Authority (FCA) is reluctant to provide further guidance on key advisory issues on which it has already offered direction, suggesting it would not be helpful.

      Professional Adviser | 21 Nov 2014 | 08:02
      topright-lesley-titcomb

      FCA's Lesley Titcomb joins TPR as chief executive

      The Pensions Regulator (TPR) has appointed Lesley Titcomb as chief executive.

      Professional Adviser | 20 Nov 2014 | 16:45
      fca-logo

      Regulators fine three banks £56m for IT failures

      Regulators have fined the Royal Bank of Scotland (RBS), NatWest and Ulster Bank £56m for IT failures which meant customers could not access banking services.

      Professional Adviser | 20 Nov 2014 | 07:22
      eric-armstrong

      ‘One of the greatest challenges for the modern adviser’: Risk modelling services explained

      Current very low volatility levels are masking true investment risk but stochastic models can assist advisers, writes Eric Armstrong

      Professional Adviser | 19 Nov 2014 | 15:39
      laing-janice

      All change please: What the platform rebate bans means in practice

      Janice Laing sets out the key points to bear in mind ahead of the looming platform cash rebate ban

      Professional Adviser | 19 Nov 2014 | 15:38

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