TCF
FCA tweaks suitability rules on offshore life insurance bonds
The Financial Conduct Authority (FCA) is planning to update its rules for retail clients advised to buy offshore life insurance bonds, affording them greater protection.
TISA to hammer out clear MiFID II guidelines
Financial services lobby group TISA has vowed to bring clarity to what the incoming European legislation Markets in Financial Instruments Directive (MiFID II) will mean for advisers and providers.
Concerns raised over alternative income vehicles' disclosure
Concerns are being raised over the disclosure policies of some specialist investment trusts as investors continue to pile into alternative assets.
Disgraced adviser working as IFA to expats
An adviser fined and banned by the Financial Conduct Authority (FCA) for recommending unsuitable investments to lower income clients is working as an adviser to expatriate clients in Dubai and the Middle East.
Adviser fraudster victim in HSBC compensation fight
A victim of convicted fraudster financial adviser Chris Bladen is fighting banking giant HSBC for compensation, alleging the bank failed to recognise he 'forged' signatures on his account.
Retweet at your peril: Eight FCA social media dos and don'ts
Retweet at your peril: Eight FCA social media dos and don'ts
FCA under pressure to agree on 'common sense' guidance principles
An industry initiative managed by the Tax Incentivised Savings Association (TISA) and backed by 50 firms and trade bodies has called on the regulator to agree on a ‘common sense' standard for the delivery of guidance to consumers.
FSCS unveils eight-strong legal panel in £12m contracts
The Financial Services Compensation Scheme (FSCS) has appointed eight law firms to form a new in-house panel, which it expects to manage the majority of its legal advice and representation.
Three's a charm: Why firms are failing on financial promotions
Three's a charm: Why firms are failing on financial promotions
Clifford Chance inquiry into FCA 'could cost up to £10m'
An independent inquiry into the Financial Conduct Authority's (FCA) release of information about its investigation into the fair treatment of long standing life company customers could cost up to £10m, according to a costs lawyer.
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.
FCA and police swoop on insider dealing suspect
The Financial Conduct Authority (FCA) and North and West Yorkshire police have this morning arrested one male on suspicion of insider dealing and market abuse.
Lloyds fined £4.3m for delayed PPI redress
The Financial Services Authority (FSA) has fined three Lloyds Banking Group (LBG) firms a total of £4.3m for failings that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress.
Phil Billingham: a brave new world phoenixing from the old
Phil Billingham, director of the Phil Billingham Partnership and operations director of Perceptive Planning, delves into the past to see how we can create a brave new world from its ashes.
Barclays: legacy trail rules may create 'moral hazard'
Legacy trail commission may create a "moral hazard" in which advisers encourage investors to stay in investments longer than they should, analysts at Barclays have warned.
FSA to investigate £800bn unit-linked fund sector
The Financial Services Authority (FSA) will conduct a review into the £800bn unit-linked fund sector.
Carbon Trading investors recoup £750k in claims
Rebus Investment Solutions, a company which helps investors recoup losses from complex investments which they argue they have been mis-sold, has secured £750,000 of compensation on behalf of five clients invested in a carbon credit scheme.
FSA wants power to ban individuals during probes
The Financial Services Authority (FSA) wants the power to ban individuals while it is still investigating them for alleged wrongdoing.
Lawyers set to sue Yorkshire Bank for £23m over Arck money
A law firm is preparing to launch claims amounting to £23m against Yorkshire Bank for professional negligence related to money invested in Arck LLP.
FSA answers IFAs' top RDR questions
The Financial Services Authority (FSA) has answered 22 of advisers' key questions about the ongoing implementation and supervision of the Retail Distribution Review (RDR).
'Dracula and The Wolfman': IFA raises TCF concerns over closed companies with FSA
An IFA is planning to raise with the Financial Services Authority (FSA) concerns he has that some closed fund companies are not treating customers fairly.
FSCS to launch another consumer awareness drive after £4m flop
The Financial Services Compensation Scheme (FSCS) is poised to launch a new consumer awareness campaign next week, after its chief executive admitted its previous £4m drive had failed.
FOS to change ruling wording after High Court decision
The Financial Ombudsman Service (FOS) will change the wording on its rulings to say that consumers who it has awarded compensation to can also pursue a legal case for redress following a High Court decision last week.
High Court ruling in £500k case 'bad news' for advisers
Lawyers have said a High Court ruling permitting a couple to sue their IFA for more than £500,000, despite having accepted the maximum amount of compensation available via the Financial Ombudsman Service (FOS), is "bad news" for advisers.
