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Regulation

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 •

Tax Planning

HMRC pockets £32m from tax avoidance scheme users

HM Revenue and Customs (HMRC) has secured almost all of the disputed tax due from the first group of tax avoidance scheme users to receive Accelerated Payment notices.

clock 14 December 2014 •

Regulation

IFA petitions FCA for total ban on UCIS

An IFA has launched a petition calling on the Financial Conduct Authority (FCA) to ban unregulated collective investment schemes (UCIS) outright.

clock 12 December 2014 •
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