The Financial Services Authority (FSA) has fined an independent financial adviser £16,000 after his firm gave unsuitable advice on unregulated collective investment schemes (UCIS) and flouted rules related to who the schemes can be promoted to.
Last week, the FSA (finally) produced guidance for firms considering launching a simplified advice proposition.
The Financial Services Authority (FSA) has fined Peterborough-based Rockingham Independent £35,000 and imposed partial bans on its directors and an adviser for exposing retirees to unsuitable advice.
A mortgage adviser has been banned from conducting regulated activities after he failed to hand over copies of client files ahead of an FSA review.
The Financial Ombudsman Service (FOS) this week published its latest complaints data for individual financial businesses. Here are some of the stand-out stats...
The Lloyds group of companies, including Bank of Scotland and Lloyds TSB Bank, received more than 200 complaints per day in the first half of 2011, according to data published by the Financial Ombudsman Service (FOS).
The FSA has pulled the plug on its series of regional TCF workshops due to regulatory reform.
Nomura International has been fined £1.75m for widespread systems and controls failings relating to its International Equity Derivatives (IED) business.
The FSA is threatening "follow-up action" against an IFA seeking to time-bar client complaints by including a 15-year long-stop in his terms of business (ToB) contracts.
IntelliFlo has launched a set of tools which allow pension and investment advisers to tailor financial plans for their clients' future.
The pension switching review has implications for the entire market including platform to platform re-registration, Skandia says
Over 3000 IFAs have downloaded the JPMorgan Asset Management (JPMAM) Treating Customers Fairly report, in a bid to be compliant before the December deadline.
The FSA is running the risk of undermining TCF after announcing it will accelerate the full integration of the initiative into its day-to-day regulation of firms, the Financial Services Consumer Panel (FSCP) warns.
The unsettling spectacle of markets crashing around us might have distracted the more routine aspects of advising clients in past months so advisers would be forgiven for parking Treating Customers Fairly (TCF) at the back of their minds.
While advisers generally appear to be satisfied that they will meet the December TCF deadline, many have bemoaned the associated costs and warned of dire consequences for those firms not making the grade.
Investors are more concerned about an adviser's independence than their qualifications, a study of consumer attitudes to treating customers fairly (TCF) suggests.
New wrap platform Novia Financial has formed a partnership with technology provider FinQS to offer cost effective TCF management information tools for advisers.
New wealth management platform Novia has linked with technology provider FinQS to develop tools to aid advisers with TCF responsibilities.
The Intermediary Mortgage Lenders Association (IMLA) has hit back at the FSA for suggesting specialist lenders are not adhering to TCF principles when handling arrears.
Just 13pc of assessed firms met the FSA's March deadline for TCF, the regulator revealed today in its latest update.
The Financial Services Consumer Panel (FSCP) has called for the FSA to ensure that its TCF proposals are beneficial to consumers.
Firms are failing to treat their customers fairly because they have unfair terms in their contacts with consumers, the FSA says.
IFAonline.co.uk has been inundated with comments on mortgage dual-pricing over the last few months. In response to requests from our readers, we are launching a campaign on the issue with a view to making the FSA listen properly to advisers' and brokers'...
The Association of IFAs (AIFA) has today published treating customers fairly (TCF) help papers for small adviser firms.