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Regulation

Regulation

Arch Cru investors receive £11.8m with advice redress scheme

Investors in the failed Arch Cru fund range have so far received £11.8m in redress as a result of the Financial Conduct Authority's (FCA) industry-wide review into the debacle.

clock 10 July 2014 • 2 min read

Regulation

Is the FCA protecting consumers? Eight key numbers

Is your regulator adequately protecting consumers? PA runs the numbers...

clock 10 July 2014 •

Regulation

FCA chief Wheatley paid £610k in 2013-2014

Financial Conduct Authority (FCA) chief executive Martin Wheatley was paid a total of £610,000 in the year to 31 March, with a basic salary of £460,000, figures published today show.

clock 10 July 2014 • 1 min read

Regulation

FOS uncovers more bad Harlequin advice

The Financial Ombudsman Service (FOS) has uncovered two more cases where self-invested personal pension (SIPP) investors in troubled unregulated overseas property scheme Harlequin received poor advice.

clock 09 July 2014 • 3 min read

Tax Planning

Beckham joins celebs facing £520m bill over tax schemes

Business executives and sport stars - among them David Beckham - have been warned they must pay HM Revenue and Customs more than £520m after a government crackdown on tax avoidance schemes.

clock 08 July 2014 • 2 min read

Regulation

FSCS chief 'concerned' by 15% rise in poor pension advice claims

Financial Services Compensation Scheme (FSCS) chief executive Mark Neale is "increasingly concerned" by the rising number of claims the service is receiving that are linked to advice to move pensions into risky assets held in self invested personal pensions...

clock 08 July 2014 • 4 min read

Tax Planning

Tax dodgers face sleepless nights as HMRC property raids jump 12%

Property searches by HM Revenue & Customs (HMRC) to target tax evasion jumped by 12% to 500 in the last year, according to official data obtained by law firm Pinsent Masons.

clock 07 July 2014 • 3 min read

Regulation

FCA beefs up competition team by 30 staff in one year

The Financial Conduct Authority (FCA) has increased its competition team by 30 staff in the last year, as it prepares to step up its competition investigations and market studies, according to FCA figures obtained by financial services regulatory consultancy...

clock 07 July 2014 • 2 min read

Regulation

SFO launches fraud probe into unregulated property scheme

The Serious Fraud Office is investigating an allegation of fraud against a number of investment funds operated by Stirling Mortimer Global Property fund.

clock 04 July 2014 • 2 min read

Regulation

FOS backs advisers in trio of structured product counterparty claims

The Financial Ombudsman Service (FOS) has ruled advisers could not reasonably have known Lehman Brothers was in financial turmoil when they recommended clients invest in structured products to which it was counterparty, in a trio of rulings.

clock 03 July 2014 • 2 min read
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