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Regulation

Protection

Senior execs behind insurer's 'aggressive' sales culture fined almost £1m

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...

clock 05 November 2014 •

Regulation

Legal Ombudsman to accept CMC complaints from January

The Legal Ombudsman will from January 2015 deal with complaints about claims management companies (CMCs).

clock 05 November 2014 •

Regulation

Sesame: Other firms use 'pay-to-play' schemes too

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.

clock 31 October 2014 •

Investment Trusts

Investment trusts: 'Who are the dinosaurs now?'

Investment trusts: 'Who are the dinosaurs now?'

clock 30 October 2014 •

Regulation

Regulation round-up: Pensions taxation, guidance guarantee and party conferences

Regulation round-up: Pensions taxation, guidance guarantee and party conferences

clock 30 October 2014 •

Regulation

FCA fines Sesame £1.6m for 'pay-to-play' arrangements

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)"....

clock 30 October 2014 •

Regulation

Yorkshire BS fined £4m for mistreatment of customers in arrears

The Financial Conduct Authority (FCA) has fined Yorkshire Building Society £4.1m for failings when dealing with its mortgage customers experiencing payment difficulties.

clock 29 October 2014 •

Regulation

FCA proposes restricting sales of mutual society shares

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.

clock 29 October 2014 •

Regulation

FCA offers advisers 'informal steer' on simplified advice

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.

clock 28 October 2014 •

Retirement

Mind the trap: The unintended consequences of pensions flexibility

Mind the trap: The unintended consequences of pensions flexibility

clock 27 October 2014 •
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