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Regulation

Regulation

Aviva Investors took £130m hit from 'improper' bond trades

The "improper" allocation of trades in fixed income securities by two former employees cost Aviva Investors some £132m, it has announced.

clock 06 March 2014 •

Regulation

Banks pay £482m interest swap redress; hundreds of customers yet to opt-in

Banks have paid out a total of £482m in redress to those they have missold interest rate hedging products, figures from the Financial Conduct Authority (FCA) show.

clock 05 March 2014 •

Adviser tips

Why is this advice marked 'not clear'? Re-thinking compliance

Susan Jordan, director at consultancy The Phil Billingham Partnership, on why the world of compliance checking needs an overhaul...

clock 05 March 2014 •

Adviser tips

Compliance service for financial planning firms launched

A compliance service designed for financial planning firms has been launched.

clock 05 March 2014 •

Regulation

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)...

clock 04 March 2014 •

Pensions

Phoenix Life racks up 400 ombudsman complaints

Phoenix Life attracted more than 400 complaints in the final six months of last year, according to latest data from the Financial Ombudsman Service (FOS).

clock 04 March 2014 •

Pensions

Standard Life may ban workplace pension adviser charging

Standard Life is investigating placing a ban on adviser charging in connection with workplace pensions following discussion with the Financial Conduct Authority.

clock 03 March 2014 •

RDR

National IFA chief calls for end to advice 'middle ground'

Chris Smallwood, the chief executive of Openwork-owned national IFA 2plan, has called on the regulator to crack down on what he said were 'misleading' terms used by some restricted advice firms to describe their services.

clock 03 March 2014 •

Regulation

Regulation round-up: Pension charges; consumer rights and inducement rules

Our monthly update on the key regulatory events of the past few weeks

clock 28 February 2014 •

Regulation

FCA cracks down on payday lenders with 'tough' consumer credit rules

New rules governing how payday lenders and debt management companies treat their customers have been brought in by the Financial Conduct Authority (FCA) today.

clock 28 February 2014 •
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