Fines levied by the regulator against the financial services industry soared by almost 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) left its mark.
A raft of high profile names have been put in the frame since the FCA took over the regulatory reigns in April, including Clydesdale Bank, J.P. Morgan Chase, Axa Wealth, Aberdeen Asset Managers, Royal...
Advisers to pay extra £8m towards scheme
Expected by Q2 2021
From August next year
Contacted this week
Headed by Simon Monk
2,000 advice firms shifted
Building a brand
'Better balance between fee and interest income'