Codename Project Minerva: Sesame's past business review uncovered
Past and present appointed representatives (ARs) of Sesame have expressed their anger at being told advice previously passed by the network as suitable has now been deemed wrong in a widespread review following a £6m fine from the regulator.
The Retail Distribution Review (RDR) has resulted in a small number of gatekeepers at financial adviser firms, investment platforms, discretionary and wealth managers steering more money into fewer, bigger funds, research has suggested.
Outside analysts have cost the Financial Conduct Authority (FCA) £76,885 since June, for work done predominantly on consumer credit.
The Financial Conduct Authority (FCA) is increasingly turning its focus to individual mortgage products and more intervention in the market is likely, according to Deloitte.
Europe's insurers spent as much as €9bn keeping pace with a barrage of regulatory changes imposed on the industry in the years following the financial crisis, according to a report by Deloitte.
Auditors of some of Britain's biggest companies should have to re-apply for the tender at least every five years, the Competition Commission has recommended, as part of a probe examining the dominance of the ‘big four' accountancy groups.
The abolition of rebates and pressure on margins could double the break-even point for platforms from £20bn assets under administration to £40bn resulting in major market consolidation, according to Deloitte.