Three former senior executives of a high street insurer have been banned and fined a total of almost £1m for failing to prevent - and in some cases actively encouraging - the development of an aggressive sales culture which led to the mis-selling of insurance...
The Legal Ombudsman will from January 2015 deal with complaints about claims management companies (CMCs).
Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.
Investment trusts: 'Who are the dinosaurs now?'
Regulation round-up: Pensions taxation, guidance guarantee and party conferences
Sesame, the UK's largest network of financial advisers, has been fined £1.6m by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme that "undermined the ban on commission payments brought in by the Retail Distribution Review (RDR)"....
The Financial Conduct Authority (FCA) has fined Yorkshire Building Society £4.1m for failings when dealing with its mortgage customers experiencing payment difficulties.
The Financial Conduct Authority (FCA) is proposing to limit the distribution of mutual society shares to 'sophisticated' or high net worth investors, unless specific requirements have been met.
The Financial Conduct Authority (FCA) has offered help to financial advisers who want to build simplified advice models, saying it is prepared to give 'individual guidance' or an 'informal steer' as part of its Project Innovate.
Mind the trap: The unintended consequences of pensions flexibility