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Regulation

Regulation

'Careless' errors cost HMRC £354k in tax complaints redress

HM Revenue & Customs (HMRC) is being criticised for failing to stem a rise in tax complaints, which more than doubled in 2012-2013 compared with the previous year.

clock 02 October 2013 •

Charging

Aviva tells advisers: Clients need clarity not too much choice

Advisers could actually be confusing clients in the post-Retail Distribution Review (RDR) world as their pursuit to find ‘right product' gives customers too many options, delegates heard.

clock 02 October 2013 •

Charging

Leave trail commission alone, Scottish Life tells FCA

Trail commission has a "genuine and legitimate place" in adviser remuneration and the Financial Conduct Authority (FCA) would be wrong to ban future payments on undisturbed pre-Retail Distribution Review (RDR) business, according to Scottish Life.

clock 02 October 2013 •

RDR

FCA begins phase two of 'statistically significant' RDR review

The Financial Conduct Authority (FCA) has sent emails to 120 advisory firms asking them to complete a questionnaire that will form the basis of part two of its three-pronged review into the impact of the Retail Distribution Review (RDR).

clock 01 October 2013 •

Offshore Investment

Positive Solutions admits error over Harlequin advice; offers redress

National IFA Positive Solutions has accepted it made a mistake when one of its former advisers recommended a client invest in troubled Harlequin Property - and has offered to pay back the amount invested with interest, IFAonline understands.

clock 30 September 2013 •

Regulation

FCA drags its heels in six month delays to authorise new firms

The average length of time taken by the Financial Conduct Authority (FCA) to authorise financial services start-ups is now back up to its highest levels, according to data obtained by City law firm RPC.

clock 30 September 2013 •

Regulation

FCA 'to review approach' as it defers advisers' capital adequacy rules

The Financial Conduct Authority (FCA) is to defer its capital adequacy requirements on personal investment firms (PIFs) - which were due to kick in at the end of this year - by a further two years, and will use the time to review its entire approach to...

clock 27 September 2013 •

Regulation

APFA calls for lighter regulation of advisers

The Association of Professional Financial Advisers (APFA) has called for a lighter regulatory approach and a tighter grip by the regulator on product manufacturers.

clock 27 September 2013 •

Regulation

Government lodges legal challenge of EU banker bonus cap

The UK government has lodged a legal challenge with the European Court of Justice (ECJ) on the EU's proposed cap of bankers' bonuses.

clock 26 September 2013 •

Regulation

Inducements: Why small DA firms are in the FCA's sights too

INDUCEMENTS

clock 26 September 2013 •
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