Regulation

Regulation round-up: Mis-selling, specialist referrals and financial promotions

The Financial Conduct Authority (FCA) has opened an investigation after Tesco admitted it had overstated its half-year profits by £250m.

A financial adviser has been charged with 12 counts of fraud amounting to more than £1m.

The Financial Conduct Authority (FCA) has confirmed changes to the way it collects data from advisers in order to simplify the process, including by allowing them to report charging data on either a cash received or accruals accounting basis.

The Financial Conduct Authority (FCA) has warned it has seen an increase in the number of regulated firms being cloned and wants firms to stay alert to the danger.

Simplified advice should not be restricted to those who have cleared their debts and had other ‘priority needs' met if the Financial Conduct Authority (FCA) is serious about closing the advice gap, according to a law firm.

Neil Woodford has criticised his own industry for charging customers too much and paying managers too high a price for tracker-style performance, in an interview with the BBC.

The Financial Conduct Authority (FCA) has created a dedicated fund supervision unit to regulate and monitor individual retail funds for the first time, in a bid to better safeguard investors and consumers.

A financial advisory business can permit its advisers to refer clients to specialist colleagues within the company and remain independent, following an about-turn by the Financial Conduct Authority (FCA).

Does latest FCA data offer further evidence of declining adviser claims?