Regulation

Eleven things you need to know about the FCA's cost of advice probe

Nearly three quarters of firms are still failing to show clients the true cost of advice, the regulator has found in what it calls a "wake-up call" for the industry which has already put two firms at risk of enforcement action.

The Financial Conduct Authority (FCA) will "take out" payday lenders who do not obey strict operating rules, it has said.

Industry campaigners have welcomed confirmation the Financial Conduct Authority (FCA) will consult on the re-introduction of a 15-year time limit on complaints against advisers reaching the Financial Ombudsman Service (FOS).

Financial advisers will contribute £3.7m toward the Money Advice Service (MAS) in 2014-2015, a decrease of almost 18% on the previous year.

Financial advisory businesses will contribute £68m to the Financial Conduct Authority's funding requirement for 2014-2015, a near-19% reduction on last year following a re-working of the regulator's fee blocks.

The Financial Conduct Authority (FCA) is to review the suitability of investment advice as part of its 2014-2015 supervisory work, and will also consult on the re-introduction of a 15-year long-stop on complaints.

The Financial Conduct Authority (FCA) has increased its annual funding requirement (AFR) - the amount it levies fee payers - for 2014-2015.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), is facing calls for his resignation after the regulator made an "extraordinary blunder" that hit insurers' share prices, according to reports.

The Financial Conduct Authority (FCA) may have made an 'extraordinary blunder' in allowing market sensitive information about its work to reach the public domain ahead of schedule, thereby creating a disorderly market in shares, Treasury Select Committee...