FCA fines Santander UK £12.4m over flawed investment advice
Santander UK has agreed to pay redress to affected customers after the Financial Conduct Authority (FCA) fined the bank £12.4m for what it said were "widespread" investment advice failings.
It follows a 13-month probe by the regulator which began after concerns about the bank's investment advice emerged during a mystery shopping exercise. Among its findings were that Santander's advisers...
More on Regulation
Rogue trader Alex Hope receives additional prison sentence
Reportedly once spent £125,000 on single bottle of Champagne
Aileen Lynch's regulatory update: Pension transfer redress and more
Plus the 2015 Insurance Act and financial crime reporting
New equity release qualification will not solve advice issue, specialist warns
FCA proposed stand-alone qualification
True Potential confirms role in FCA's robo-advice group
Firm focusing on 'hybrid' advice
FCA to continue to use 'TechSprints' to develop 'Regtech'
RegTech has 'potential' - FCA's Woolard
More news
Rogue trader Alex Hope receives additional prison sentence
Reportedly once spent £125,000 on single bottle of Champagne
HMRC scores 10th success against NT Advisors
Has now 'protected £916m in tax' from the firm
Kerry Nelson: Five ways to rebuild trust in experts - including financial advisers
Without taking sides, the case must be made for expertise
One in six admit to poor understanding of investment risk – research
'Events like Brexit can sharpen focus' - Scalable Capital
Equity release lending up 28% year-on-year
Market has been booming since pension freedom