Regulation

The Financial Conduct Authority (FCA) is not prescriptive about how firms deliver their services because it knows advice can be given in an "infinite variety of ways" - but it has communicated four steps firms should follow to satisfy its requirements....

The Financial Conduct Authority (FCA) is concerned about the due diligence advisers perform on investment product providers and will continue to monitor the area, technical specialist for the regulator Rory Percival has said.

The former boss of the Co-op was lambasted by MPs for having ‘selective amnesia' after he claimed its stricken bank is an innocent victim of the financial crash.

Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review (RDR), according to a recent poll, despite regulatory scrutiny of the market.

The Financial Ombudsman Service (FOS) has reported a 39% increase in overall complaints against financial products, with increases in claims related to self-invested person pensions (SIPPs), personal pensions and annuities.

The Financial Services Compensation Scheme (FSCS) has declared a further 18 advisory firms in default.

The Co-operative Bank has said it expects to shell out a further £100m in compensation to cover "revised" estimates on claims made over the sale of PPI.

The Financial Conduct Authority (FCA) has fined two directors of a Surrey-based IFA £885,000 and banned them from holding any position at a financial firm for misleading investors to invest in overseas property schemes that they were also in charge of....

HSBC has been ordered to pay out $2.46bn by a US court after it lost a class action lawsuit against Household International, the lender it bought pre-crisis.

A City law firm has attacked the regulator's plans to remedy the damage caused to firms subject to a false warning notice, saying the proposed action was little more than a "footnote".