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Regulation

Regulation

FSCS makes further payouts to Keydata claimants

The Financial Services Compensation Scheme (FSCS) has made top-up payments to Keydata investors after it recovered money from the underlying bond Lifemark's trustees.

clock 27 March 2014 •

Regulation

APFA seeks adviser help for 'cost of regulation' index

The Association of Professional Financial Advisers (APFA) is calling on members and other advisers to detail how much they spend on regulation and compliance so the regulator "can be held to account".

clock 26 March 2014 •

Regulation

The story behind a £12m fine: Ten flaws in Santander's investment advice

The Financial Conduct Authority (FCA) has fined Santander £12.4m for failings in relation to investment advice. How did the bank go so disastrously wrong? Carmen Reichman looks at the road to ruin.

clock 26 March 2014 • 7 min read

Regulation

FCA fines Santander UK £12.4m over flawed investment advice

Santander UK has agreed to pay redress to affected customers after the Financial Conduct Authority (FCA) fined the bank £12.4m for what it said were "widespread" investment advice failings.

clock 26 March 2014 •

TCF

Vestra Wealth: Thousands of UK citizens could be caught under FATCA

Thousands of ‘accidental Americans' could be unwittingly caught by the Foreign Accounting and Tax Compliance Act (FATCA) from July, leaving them exposed to US tax liabilities, Vestra Wealth has warned.

clock 25 March 2014 •

Regulation

Harlequin chairman's fraudster son jailed for three years over £1.6m 'Ponzi scheme'

Matthew Ames, son of troubled overseas property company Harlequin's chairman David Ames, has been jailed for 40 months for cheating investors out of £1.6m via an elaborate Ponzi scheme.

clock 24 March 2014 •

Regulation

Sesame Bankhall suffers 'disappointing' £19m loss

Friends Life has reported a "disappointing" £19m loss for Sesame Bankhall Group (SBG) in 2013.

clock 18 March 2014 •

Regulation

Cowdery and Tiner to step down from Resolution board as restructure completes

Clive Cowdery, founder of The Resolution Group, and John Tiner, its CEO, have announced they will not stand for re-election as non-executive directors of the group at May's annual general meeting.

clock 18 March 2014 •

Regulation

Arck: Yorkshire Bank agrees redress scheme with investors

Yorkshire Bank has agreed a redress scheme with some investors in failed investment Arck.

clock 17 March 2014 •

Regulation

LEBC: Advisers overhauling business models as FCA focus returns to remuneration

Advisers are responding to the regulator's focus on advice bias caused by remuneration packages by adapting their business models, LEBC research and compliance director Peter Shelton has said.

clock 14 March 2014 •
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