Your profession

The Financial Conduct Authority (FCA) is stepping up efforts to clamp down on firms' financial incentives schemes in a bid to mitigate the risk of further mis-sellings of products.

Legacy commission still accounted for more than half of adviser income at end of March, according to research released today.

FIVE THINGS

It's our weekly round-up of the big movers and company updates across the financial services industry...

The number of financial advisers with chartered status has increased 24% year on year, according to a document released by the Chartered Institute of Insurance (CII) today.

The Association of Professional Financial Advisers (APFA) has launched an industry forum made up of providers, networks and smaller adviser firms in a bid to build a stronger communication with the Financial Conduct Authority (FCA).

The Office of Fair Trading (OFT) has been criticised by MPs for being "ineffective and timid in the extreme" over its failure to tackle loan sharks and payday lenders.

Compliance consultancy RWA Group has launched a new consulting service aimed at financial advisers and general insurance brokerages within financial services departments.

Time spent completing the regulator's retail mediation activities return (RMAR) forms is costing the industry millions, according to the Association of Professional Financial Advisers(APFA).

ERRORS