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Regulation

Regulation

Wheatley: We'll be tough and, yes, we hope that's a legacy

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said he wants the regulator's legacy to reflect that it ensured wrongdoers "faced the full consequences" of their actions.

clock 10 September 2013 •

Regulation

Wheatley: Drop in adviser numbers is a concern

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has admitted to concerns about some of the effects the Retail Distribution Review (RDR) has had on the adviser community, and said the regulator will look into the reduction...

clock 10 September 2013 •

Regulation

FCA announces market study into £1trn cash savings market

The Financial Conduct Authority (FCA) is to carry out a study into the UK cash savings market as part of a programme of work seeking to assess the effectiveness of competition in financial markets.

clock 09 September 2013 •

RDR

LV= blames RDR and gender directive for 14% drop in sales

Mutual life and investment group LV= has reported a drop in sales of 14% for the first half of the year, despite seeing a hike in group pre-tax profit of 144%.

clock 09 September 2013 •

Regulation

FSCS confirms 36 month compensation cost calculation

The Financial Services Compensation Scheme (FSCS) has confirmed that it will calculate compensation fees on a three-year basis in the future, following a consultation process that received some "detailed" but "positive" feedback.

clock 06 September 2013 •

RDR

FCA clarifies legacy cash rebate stance

The Financial Conduct Authority (FCA) has outlined the scenarios in which the payment of cash rebates from providers to consumers can continue after a wider ban comes into force next year.

clock 06 September 2013 •

Regulation

Former FSA director Nicoll joins Ernst & Young

Former Financial Services Director (FSA) director of conduct policy Sheila Nicoll has joined Ernst & Young's asset management practice as a senior adviser.

clock 06 September 2013 •

Regulation

APFA: RMAR is so confusing even accountants don't get it

The Association of Professional Financial Advisers (APFA) has endorsed the regulator's show of interest in the issues firms are facing with Retail Mediation Activities Return (RMAR) reporting but warned that more work needed to be done.

clock 06 September 2013 •

Regulation

Adviser fights FCA over 'illogical' RMAR reporting

An adviser has complained to the Financial Conduct Authority (FCA) following an hour-long phone conversation about Retail Mediation Activities Return (RMAR) reporting that led to an agreement over accounting rules that was not "entirely logical".

clock 06 September 2013 •

RDR

MPs to conduct spring review into RDR

A group of MPs will next year evaluate the impact of the Retail Distribution Review (RDR) - with a particular focus on the ban on commission - in what represents the first independent, external probe into the RDR's influence.

clock 05 September 2013 •
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