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Regulation

Regulation

Harlequin: FSCS contacts clients of major distributor Tailormade

The Financial Services Compensation Scheme (FSCS) has begun contacting clients of failed firm Tailormade, which was a major distributor of troubled overseas property company Harlequin Property.

clock 19 December 2013 •

Regulation

FCA fines insurance broker £1.8m for bribery risk control failings

The Financial Conduct Authority (FCA) has fined insurance broker JLT Specialty £1.8m for an "unacceptable" approach to bribery & corruption risks from overseas payments.

clock 19 December 2013 •

Regulation

Treasury finds £1.6bn funding gap in Scottish independence plans

Scottish taxpayers will have to pay out £1.6bn a year to fund initiatives set out in the white paper on the country's independence which have not yet been allocated cash, according to Treasury figures.

clock 18 December 2013 •

RDR

Phil Billingham launches 'independence audit' for advisory firms

A service allowing advisory firms to 'sense check' whether they meet the requirements for independence has been launched.

clock 18 December 2013 •

Regulation

MAS chief: We do not want to step on advisers' toes

Caroline Rookes, the chief executive of the Money Advice Service (MAS), has hit back at critics of the organisation, saying the MAS is now delivering a "very effective" service and does not "step on the toes" of financial advisers.

clock 18 December 2013 •

Regulation

Number of FCA regulated firms set to soar in 2014

The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.

clock 17 December 2013 •

Regulation

Lloyds representatives step down from SJP board following remaining holding sale

St James's Place directors Sue Harris and Alison Hewitt have resigned from the board following Lloyds Banking Group's sale of its remaining holding in the wealth manager.

clock 17 December 2013 •

Regulation

MAS defies MPs by refusing to slash its multi-million pound marketing budget

The industry-funded Money Advice Service (MAS) has ignored calls by MPs to cut its marketing budget, saying it needs the multi-million pound pot to "encourage people to take action" on financial matters.

clock 17 December 2013 •

Regulation

FCA wins Tribunal case to ban 'lying' ex-trader

The Financial Conduct Authority (FCA) has won its case at the Upper Tribunal to ban former derivatives trader David John Hobbs from performing any role in regulated financial services for lying to the regulator.

clock 17 December 2013 •

Regulation

FCA scales back consumer credit application fees for small firms

The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.

clock 16 December 2013 •
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