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Regulation

Investment

FSCS Arck adviser decision edges closer; fraudsters' sentencing delayed

Court delays and slow progress at the Financial Services Compensation Scheme (FSCS) bring mixed news for investors in failed property scheme Arck as they fight for a resolution to their £60m saga.

clock 26 June 2015 •

Regulation

From Keydata to Reyker: Clients continue to pay the price

From Keydata to Reyker: Clients continue to pay the price

clock 24 June 2015 •

Regulation

FOS throws out IFA's 'grossly unfair fees' complaint as Keydata hangover continues

The Financial Ombudsman Service (FOS) has thrown out a test case brought by an IFA who argued charges levied on Keydata investors following a change of custodian to their assets were "excessive" and "grossly unfair".

clock 24 June 2015 •

Regulation

FCA defends adviser levy as it confirms £75m bill for 2015-2016

The Financial Conduct Authority (FCA) has defended the methods it uses to calculate advisers' contribution to its annual costs as fair and proportionate, as it confirmed a 10% hike for firms for 2015-2016.

clock 23 June 2015 • 3 min read

Regulation

FOS reveals rise of UCIS advice reviews

The Financial Ombudsman Service (FOS) has warned an increasing number of advised clients are reviewing their investments in unregulated collective investment schemes (UCIS) with a view to making a complaint.

clock 23 June 2015 •

Regulation

Man jailed for six years over 'cruel' £4m UCIS scam

Another person has been jailed for his role in running a "subtle and cruel" unauthorised collective investment scheme (UCIS) which lost investors a total of £4.3m.

clock 19 June 2015 •

Regulation

Man who lured investors to fraudulent scheme has appeal rejected

A man who enticed dozens of investors to inject millions into a trader's fraudulent scheme has had an appeal against his two-year prison sentence dismissed by the Court of Appeal.

clock 19 June 2015 •

Regulation

IFA Nick Bamford accepts Rory Percival's challenge over FOS rulings

IFA Nick Bamford accepts Rory Percival's challenge over FOS verdicts

clock 18 June 2015 •

Regulation

FCA's Percival challenges advisers over FOS rulings

Financial Conduct Authority (FCA) technical specialist Rory Percival has re-issued a call to financial advisers to offer up evidence of discrepancies between how the regulator and ombudsman view liability - and said he had even taken to looking at adjudications...

clock 17 June 2015 •

Regulation

Advisers demand FCA fines be used to cut costs after record year

Financial advisers are renewing calls for the Financial Conduct Authority (FCA) to make better use of the 'exceptionally severe' fines it levies on the industry, including by using them to cut regulatory costs.

clock 16 June 2015 •
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