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Author profile

Carmen Reichman

Carmen Reichman

Carmen joined Professional Adviser in May 2013 following a brief stint on a private equity title. She specialises in regulation, and covers the networks and nationals patch.

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Articles by Carmen Reichman

Regulation

Three heavyweights join Financial Services Consumer Panel

The Financial Conduct Authority (FCA) consumer panel has appointed three new members, including a BBC journalist and former Treasury adviser, following the departures of Dan Plant and Frances Harrison at the end of December.

clock 02 January 2014 •

Regulation

Treasury finds £1.6bn funding gap in Scottish independence plans

Scottish taxpayers will have to pay out £1.6bn a year to fund initiatives set out in the white paper on the country's independence which have not yet been allocated cash, according to Treasury figures.

clock 18 December 2013 •

Regulation

MAS chief: We do not want to step on advisers' toes

Caroline Rookes, the chief executive of the Money Advice Service (MAS), has hit back at critics of the organisation, saying the MAS is now delivering a "very effective" service and does not "step on the toes" of financial advisers.

clock 18 December 2013 •

Regulation

Number of FCA regulated firms set to soar in 2014

The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.

clock 17 December 2013 •

Regulation

MAS defies MPs by refusing to slash its multi-million pound marketing budget

The industry-funded Money Advice Service (MAS) has ignored calls by MPs to cut its marketing budget, saying it needs the multi-million pound pot to "encourage people to take action" on financial matters.

clock 17 December 2013 •

Regulation

FCA scales back consumer credit application fees for small firms

The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.

clock 16 December 2013 •

Regulation

'We are different': An end of year message to advisers from the FCA

The Financial Conduct Authority (FCA) has said it recognises it has "much to prove" to the advisory industry, but hopes its actions and approach will show it is different from previous regulators.

clock 16 December 2013 •

Investment

HMRC launches 'more secure' online QROPS reporting service

HM Revenue & Customs (HMRC) has launched an online reporting service for managers of qualifying recognised overseas pension schemes (QROPS), which it said is more secure than paper-based reporting.

clock 16 December 2013 •

Regulation

FSCS pays out £3m on Bentley-Leek claims

The Financial Services Compensation Scheme (FSCS) has paid out £3m in claims related to collapsed advisory firm Bentley-Leek Financial Management (BLFM), which had advised clients to invest in failed overseas property schemes that it was also in charge...

clock 16 December 2013 •

Investment

Arch Cru investors: Court case diverting attention from 'real culprit'

Investors in the failed Arch Cru funds have called for SPL Private Finance to drop its lawsuit against Arch Financial Products and its chief executive Robin Farrell, saying it would "only damage what remains of their investments if unsuccessful".

clock 13 December 2013 •
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