Regulation

        Sesame: Other firms use ‘pay-to-play' schemes too

        Professional Adviser | 31 Oct 2014 | 08:03

        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.

        john-cowan
        dino-concept-1

        Investment trusts: 'Who are the dinosaurs now?'

        James Budden has a message for the investment trust naysayers…

        Professional Adviser | 30 Oct 2014 | 14:42
        David Thomson

        Regulation round-up: Pensions taxation, guidance guarantee and party conferences

        In his latest monthly instalment, the CII's David Thomson provides an update on the key regulatory events of the past few weeks...

        Professional Adviser | 30 Oct 2014 | 14:22

    Other Regulation articles

      fca

      FCA fines Sesame £1.6m for ‘pay-to-play' arrangements

      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)".

      Professional Adviser | 30 Oct 2014 | 12:12
      yorkshire-building-society-branch

      Yorkshire BS fined £4m for mistreatment of customers in arrears

      The Financial Conduct Authority (FCA) has fined Yorkshire Building Society £4.1m for failings when dealing with its mortgage customers experiencing payment difficulties.

      Professional Adviser | 29 Oct 2014 | 10:35
      fca

      FCA proposes restricting sales of mutual society shares

      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.

      Professional Adviser | 29 Oct 2014 | 07:29
      wheatley-martin2

      FCA offers advisers 'informal steer' on simplified advice

      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.

      Professional Adviser | 28 Oct 2014 | 11:12
      right-way-wrong-way

      Mind the trap: The unintended consequences of pensions flexibility

      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...

      Professional Adviser | 27 Oct 2014 | 12:41
      Judge's gavel

      Jailed adviser ordered to return £55k to clients

      A former Positive Solutions adviser has been ordered to repay £55,000 to the clients she stole from.

      Professional Adviser | 27 Oct 2014 | 09:58
      fca

      FCA ends probe into Partnership distribution deal with adviser

      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.

      Professional Adviser | 27 Oct 2014 | 07:29
      hannant-chris

      APFA profits take £90k hit as provider money gives way to member fees

      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.

      Professional Adviser | 23 Oct 2014 | 07:41
      Warning sign against cloud backdrop

      NMIs: The ongoing sting in the tail of independence

      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...

      Professional Adviser | 22 Oct 2014 | 10:36
      pensioner756857

      Changes to death benefits: What does it mean for clients?

      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...

      Professional Adviser | 22 Oct 2014 | 10:30
      spotlight-pa

      Police investigate former Sense IFA for 'running fraudulent scheme'

      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.

      Professional Adviser | 22 Oct 2014 | 09:59
      abraham

      FCA sets out to bust myths about its rules

      Abraham Okusanya paid a visit to an FCA compliance seminar and discovered a regulator keen to banish, once and for all, some of the misconceptions around its rules...

      Professional Adviser | 22 Oct 2014 | 07:40
      Gears of War skull

      FSCP warns of emergence of 'toxic' products in retirement space

      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.

      Professional Adviser | 22 Oct 2014 | 07:37
      keith-richards-tenet

      FCA roadshow presentations 'rated 9 out of 10' by advisers

      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).

      Professional Adviser | 21 Oct 2014 | 15:05
      House of Parliament at night on River Thames

      FCA: Guidance should help people ask questions, not give answers

      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.

      Professional Adviser | 21 Oct 2014 | 11:05
      budden-james2

      D2C platforms lead post-RDR revival for investment trusts

      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.

      Professional Adviser | 21 Oct 2014 | 07:44
      complaints66

      FOS reports rise in annuity and income drawdown complaints

      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.

      Professional Adviser | 21 Oct 2014 | 07:30

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