Regulation

        FOS finds against equity release adviser

        Professional Adviser | 21 Oct 2014 | 11:01

        The Financial Ombudsman Service (FOS) has ordered an equity release provider to repay a client the cost of a lifetime mortgage after it found the client had received bad advice.

        foslogo
        fca-logo

        FCA bans adviser over fake mortgage applications

        The Financial Conduct Authority (FCA) has banned an investment and mortgage adviser for submitting fake and misleading mortgage applications.

        Professional Adviser | 24 Sep 2014 | 11:15
        Royal Bank of Scotland

        FCA fines RBS and Natwest £14.5m over mortgage advice

        Royal Bank of Scotland and Natwest Bank has been fined £14.5m by the Financial Conduct Authority (FCA) for failings in their mortgage advice.

        Professional Adviser | 27 Aug 2014 | 07:24

    Other Regulation articles

      fca

      FCA calls for examples of retrospective regulation

      The Financial Conduct Authority (FCA) is seeking examples of occasions the industry suspects it may have applied its rules after the fact with the benefit of hindsight.

      Professional Adviser | 21 Aug 2014 | 14:14
      bank-of-scotland-logo

      Bank of Scotland unfairly double billed customers says judge

      Bank of Scotland has been unfairly double billing customers who fell behind on their mortgages, a High Court judge in Belfast has ruled.

      Professional Adviser | 20 Aug 2014 | 07:46
      fca

      FCA ban of ex-mortgage adviser fraudster upheld

      The Financial Conduct Authority (FCA) has banned a former mortgage adviser and insurance broker from working in the financial services industry after finding he had committed a string of offences including fraud.

      Professional Adviser | 19 Aug 2014 | 11:03
      fca-logo

      Brokers accuse FCA of lender bias

      Brokers have called for Financial Conduct Authority (FCA) staff with more sector knowledge of the mortgage intermediary industry to stop undue lender influence on regulatory decisions.

      Professional Adviser | 19 Aug 2014 | 07:46
      Banned stamp

      Disgraced mortgage director handed 13-year ban

      A director of a mortgage brokerage has been disqualified from acting as a company director for 13 years for misleading investors, the regulator and HMRC.

      Professional Adviser | 15 Aug 2014 | 08:32
      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
      wheatley-martin2

      FCA chief Wheatley paid £610k in 2013-2014

      Financial Conduct Authority (FCA) chief executive Martin Wheatley was paid a total of £610,000 in the year to 31 March, with a basic salary of £460,000, figures published today show.

      Professional Adviser | 10 Jul 2014 | 11:15
      Man signing document

      FCA may restrict lenders' ability to alter mortgage terms

      The Financial Conduct Authority (FCA) may restrict the changes lenders can make to mortgage contracts after assessing the fairness of the existing regulations.

      Professional Adviser | 07 Jul 2014 | 11:47
      Lloyds Banking Group logo

      Lloyds caps affordability to 4x income to rein in raging market risk

      Lloyds, the UK's biggest lender, has put an immediate cap on income multiples on mortgages over £500,000 to primarily target the London market in a bid to combat the capital's swiftly rising property price inflation.

      Professional Adviser | 21 May 2014 | 10:45
      fca

      Tribunal upholds FCA ban on mortgage broker

      A decision by the Financial Conduct Authority (FCA) to ban a mortgage broker for a lack of integrity has been upheld by the Upper Tribunal.

      Professional Adviser | 20 May 2014 | 12:38
      Liberal Democrat leader Nick Clegg

      Govt may 'pare back' Help to Buy after Carney's warning

      The government may "pare back" its Help to Buy scheme if the Bank of England (BoE) believes it threatens the UK's economic recovery, Nick Clegg has said.

      Professional Adviser | 18 May 2014 | 22:51
      payday-loans2

      FCA uncovers flaws in payday loan adverts

      The Financial Conduct Authority (FCA) has uncovered widespread shortcomings in consumer credit promotions, such as payday loan advertisements.

      Professional Adviser | 16 May 2014 | 10:00
      housepercentagesigns

      Mortgage complaints hit record high

      Homeowners lodged a record number of mortgage complaints to the Financial Ombudsman Service last year.

      Professional Adviser | 15 May 2014 | 07:43
      George Osborne delivers budget in 2014

      Economists heap pressure on Osborne over Help to Buy

      Prominent economists have added to calls for the government to pull back from the mortgage guarantee element of its Help to Buy initiative, arguing it is no longer needed.

      Professional Adviser | 12 May 2014 | 07:44
      two businesspeople shaking hands

      Sir Anthony Holland steps down after decade as Complaints Commissioner

      The Bank of England (BoE) and Financial Conduct Authority (FCA) have appointed Antony Townsend as Complaints Commissioner, replacing Sir Anthony Holland whose term of office ends this month after almost a decade.

      Professional Adviser | 25 Apr 2014 | 10:34
      lebc-group

      LEBC creates six-adviser team to tackle MMR influx

      Financial services group LEBC is to create a dedicated mortgage advice team in light of the implementation of new rules following the Mortgage Market Review (MMR).

      Professional Adviser | 22 Apr 2014 | 22:35
      warning-sign

      FCA warns MMR 'gamers' in echo of RDR threat

      The Financial Conduct Authority (FCA) will be on the lookout for "gaming activity" of any kind following the implementation of the Mortgage Market Review (MMR), with the falsification of income levels of particular interest, it warned.

      Professional Adviser | 22 Apr 2014 | 22:21

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