FCA chief Wheatley paid £610k in 2013-2014

Professional Adviser | 10 Jul 2014 | 11:15

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.

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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

Other Regulation articles

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
smallhouses

Four things to tell clients about the new mortgage lending rules

New mortgage lending rules come into force at the end of the month. Here, Professional Adviser affiliate title, Your Money, assesses how they will affect existing and future homeowners...

Professional Adviser | 17 Apr 2014 | 17:35
FSCS

Investment advisers hit with additional £7m FSCS levy bill

Most types of financial services firms will pay a lower than expected Financial Services Compensation Scheme (FSCS) levy for 2014-2015 after it cut its bill by £37m, but investment advisers face another hike in costs.

Professional Adviser | 15 Apr 2014 | 07:42
fees

Adviser masterclass: How to explain fees to clients

Rebecca Jones investigates how advisers can satisfy the regulator while keeping things as simple as possible when explaining fees and charges to clients...

Professional Adviser | 14 Apr 2014 | 15:24
david-reid

Mortgage broker jailed for six years after ‘disgusting’ £3.5m fraud

A mortgage broker has been jailed for six years after fraudulently obtaining almost £3.5m from clients in the North East.

IFAonline | 25 Mar 2014 | 07:38
fca-logo

FCA bans and fines mortgage broker over false info

The Financial Conduct Authority (FCA) has fined and banned a mortgage broker for failing to prevent false client information being submitted to lenders.

IFAonline | 13 Mar 2014 | 15:24
Keith Richards

Keith Richards: The little-known meeting that might just bring trust back

Is the financial services sector as disjointed as some suggest? Not according to PFS chief executive Keith Richards, who here explains why he believes a new initiative can result in greater trust among the public...

IFAonline | 11 Mar 2014 | 10:12
Martin Wheatley

FPC's stress test powers to be added to mortgage rules

The Financial Policy Committee's power to influence the interest rate stress test in an applicant's affordability assessment will be added to the mortgage rules following a consultation.

IFAonline | 07 Mar 2014 | 12:30
fca-logo

FCA challenges lenders over arrears and foreclosure practices

The Financial Conduct Authority (FCA) is challenging lenders to improve their arrears and foreclosure management following a thematic review which found several counts of bad practice at firms.

IFAonline | 25 Feb 2014 | 13:05
nottingham

Nottingham BS to offer whole-of-market mortgage advice in-branch

Nottingham Building Society is to offer whole-of-market mortgage and protection advice across its branch network.

IFAonline | 24 Feb 2014 | 15:43

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