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Regulation

Regulation

Govt recovers £1.3bn of taxpayer cash used in Icesave bailout

The government has recovered a further £1.3bn from the Landsbanki estate in Iceland, which operated as Icesave in the UK, following its collapse at the height of the financial crisis.

clock 19 December 2014 •

Regulation

Update: Arch CEO denied right to appeal High Court ruling

Arch Financial Products chief executive Robin Farrell has been denied the right to appeal a High Court judge's ruling that he is guilty of dishonesty and his firm of negligence in the management of the failed Arch cru fund range.

clock 18 December 2014 •

Regulation

Jailed adviser banned by FCA

A financial adviser who was jailed for stealing from his pensioner clients has been banned from working in financial services by the Financial Conduct Authority (FCA).

clock 17 December 2014 •

Regulation

Advisers charging more post-RDR despite lower product prices

Advisers are charging clients more post-Retail Distribution Review (RDR), despite falling product prices, a consultancy hired by the Financial Conduct Authority (FCA) has found.

clock 16 December 2014 •

Regulation

RDR is working, FCA declares

The Financial Conduct Authority (FCA) has declared the Retail Distribution Review (RDR), its "once in a generation" project to revamp the retail investment advice market, is working, though some concerns remain on the costs and labels of advisers' services....

clock 16 December 2014 •

Regulation

Co-op Bank fails BoE 'stress test'

The Co-operative Bank has failed a "stress test" carried out by the Bank of England designed to see if the banking sector could withstand another financial crisis.

clock 16 December 2014 •

Regulation

MAS adviser directory rules revealed

The Money Advice Service (MAS) has published details of the criteria advisers will need to meet before they can be listed on the website's directory.

clock 15 December 2014 •

RDR

Small firms 'hanging on' to trail income, says consolidator

Small firm consolidation in the financial advice market has yet to materialise as predicted because many owners are "hanging on" to the trail commission they earn on pre-Retail Distribution Review (RDR) business, according to one acquirer.

clock 15 December 2014 •

Regulation

FCA bans former BlackRock director for dodging train fares

The Financial Conduct Authority (FCA) has banned former BlackRock managing director Jonathan Burrows for dodging rail fares worth £43,000.

clock 15 December 2014 •

Regulation

Wealth managers rail against 'crippling' suitability requirements

Wealth management firms say they are being "crippled" by suitability requirements as the Financial Conduct Authority (FCA) increases its scrutiny of the sector.

clock 15 December 2014 •
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