Regulation
FCA defends ‘inconsistent' FOS decision making
The Financial Conduct Authority (FCA) has defended the Financial Ombudsman Service (FOS) from allegations of inconsistent case verdicts.
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.
Retired IFA battling generation-old complaint pushes MP on ‘crazily unfair' long-stop
A retired IFA currently battling an Ombudsman payment protection insurance claim dating from the 1980s says the lack of a complaints long-stop for advisers is "crazily unfair" and is pushing his MP to intervene.
Adviser claims victory in FCA long-stop battle
A financial adviser has been permitted to include a complaints time bar in his client terms of business contracts, after the Financial Conduct Authority (FCA) conceded to his case.
Zurich: FCA must investigate alternative long-stop ideas
Insurer Zurich welcomed the regulator's pledge to re-open the long-stop debate but suggested it should be looking at more options than just a 15-year liability period.
FCA warns insurance intermediaries over conflicts of interest for small businesses
Conflicts of interest within insurance intermediaries dealing with small businesses are not being properly managed, a review by the Financial Conduct Authority (FCA) has found, in an echo of the concerns the regulator had about investment advisers that...
FSCS' Mark Neale: Europe needs clear rules on consumer protection
Financial Services Compensation Scheme (FSCS) chief executive Mark Neale has warned UK levy payers could suffer if Europe does not come up with clear rules around consumer protection in the insurance space.
Carney: Insurance execs to be held as accountable as senior bankers
Executives at insurance companies will be held as accountable as senior bankers for the conduct and viability of their companies, Bank of England (BoE) governor Mark Carney has announced.
FCA uncovers flaws in payday loan adverts
The Financial Conduct Authority (FCA) has uncovered widespread shortcomings in consumer credit promotions, such as payday loan advertisements.
Smoke and mirrors: Have firms done enough to comply with FCA inducement rules?
Have firms done enough to comply with FCA rules?
Adviser masterclass: How to explain fees to clients
How to explain fees to clients
Not dancing yet: One adviser's caution over FCA long-stop promise
Adviser Alan Lakey urges caution on an FCA promise to examine the case for a complaints long-stop
Call for Wheatley resignation after review 'blunder'
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.
FCA may have made 'extraordinary blunder', says Tyrie
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...
Lawyers called in to investigate FCA handling of closed policy probe
The Financial Conduct Authority (FCA) board has called in lawyers to investigate the regulator's handling of the revelation it is to examine the fair treatment of "long standing" customers in life insurance products, a revelation which sparked huge losses...
Aviva: FCA closed policies probe to have 'minimal' impact on profits
Aviva has played down the potential impact on its bottom line of a regulatory probe into the closed life insurance policy market.
FCA clarifies probe into closed product exit fees, Ts&Cs
The Financial Conduct Authority (FCA) has clarified the scope of its investigation into how customers in 'closed' life company products are being treated, indicating it will not review sales practices or necessarily act on exit fees.
Closed life probe: Why the RDR journey can't end here
Ed Dymott explains how the FCA's probe of the closed life market could help get the RDR back on track...
Resolution and peers plunge as FCA plans zombie fund probe
Shares in Resolution and peers tumbled today following reports the Financial Conduct Authority (FCA) is to probe 30 million legacy insurance policies.
FCA to investigate 30 million financial policies
The Financial Conduct Authority (FCA) is to investigate about 30 million insurance company policies over concerns that customers are subject to "unfair" conditions.
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.
Keith Richards: The little-known meeting that might just bring trust back
Keith Richards on the little-known meeting that might just bring trust back
Business as usual? How the landmark FOS compensation ruling affects advisers
What does the landmark court case tell us about the Ombudsman?
FCA uncovers bank sales incentive risks for investment and protection
All the major retail banks and most medium-sized and smaller firms have made "significant" changes to their sales incentive schemes, but concerns over enticements linked to bank investment and protection sales remain, the Financial Conduct Authority (FCA)...
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