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Regulation

Regulation

FSCS 'hopes' to provide full account of Keydata recoveries in 2015

Financial Services Compensation Scheme (FSCS) chief executive Mark Neale has said the service "hopes" to be able to publish a full account of what it has clawed back from firms who mis-sold Keydata products next year.

clock 17 July 2014 •

Regulation

Wheatley: Long-stop project now 'slightly more complicated'

Advisers' hopes for the re-introduction of a long-stop on client complaints have suffered a blow after Financial Conduct Authority (FCA) chief Martin Wheatley suggested the regulator's investigation into the matter may have hit a roadblock.

clock 17 July 2014 •

Regulation

Yorkshire Bank threatens to chase advisers over Arck redress claims

Yorkshire Bank has threatened advisers who sold failed property investment scheme Arck that it will pursue them for money if their clients make a claim for compensation against the bank.

clock 17 July 2014 •

Wrap/platforms

Aviva: Platform on track to achieve profitability by 2016

Provider Aviva's platform is on course to achieve profitability in 2016 and its target of £6bn in assets under management (AUM) by the end of this year, after its AUM has doubled in the last 12 months.

clock 17 July 2014 •

Regulation

FCA to broker redress settlement for Connaught investors

The Financial Conduct Authority (FCA) is attempting to broker a redress deal for investors in the failed Connaught Series 1 fund.

clock 16 July 2014 •

Tax Planning

Tax dodge hitlist: HMRC reveals avoidance schemes it has in its sights

A list of tax avoidance schemes whose users may be required to make an upfront payment of tax has been published today by HM Revenue and Customs (HMRC).

clock 15 July 2014 •

Regulation

Six surprising snippets from the FCA's simplified advice paper

Six surprising snippets from the FCA's latest consultation paper

clock 15 July 2014 • 5 min read

Charging

Fog of uncertainty remains over simplified advice, says Moss

The Financial Conduct Authority (FCA) has failed to provide clarity and reassurance over the development of simplified advice models in its latest consultation, according to eValue strategy director Bruce Moss.

clock 15 July 2014 •

Regulation

FCA defends 'inconsistent' FOS decision making

The Financial Conduct Authority (FCA) has defended the Financial Ombudsman Service (FOS) from allegations of inconsistent case verdicts.

clock 15 July 2014 •

Regulation

FCA to impose price cap on payday lenders

The Financial Conduct Authority (FCA) has proposed restricting the amount borrowers using payday lenders can be charged in interest and fees, in a move which estimates suggest could cost providers £420m in revenues.

clock 15 July 2014 •
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