FCA

Setting an investment checklist the FCA will love

The Financial Conduct Authority (FCA) has sent out 4,600 letters to firms asking them how much it would cost them to implement European legislation the Markets in Financial Instruments Directive (MiFID II).

Santander is considering re-entering the investment advice market, a year after it was fined more than £12m for 'widespread' problems in its delivery of the service.

The Association of Professional Financial Advisers (APFA) has called on the regulator to cut its handbook on adviser disclosure by a third, saying too many rules lead to lengthy suitability reports that confuse consumers.

Self-invested personal pensions (SIPP) should not buckle under regulatory pressure to become plain vanilla share class wrappers as clients need diversification in their portfolios, Mattioli Woods has said.

Providers need to simplify drawdown charges or the regulator will intervene, founder of The Platforum and Boring Money Holly Mackay has said.

The former finance director of failed investment firm Keydata has called the regulator's decision to fine him £350,000 and ban him from working in financial services for life, an ‘ill-informed stich-up'.

Industry stalwart Nick Poyntz-Wright has left his role as director of life insurance and financial advice at the regulator, following a high-level reshuffle of the Financial Conduct Authority's (FCA) top people.

The Financial Conduct Authority (FCA) has banned and fined Keydata's former finance director, Craig McNeil, £350,000 for failures relating to the collapse of an investment worth billions at its peak.

Former head of the predecessor to the Association of Professional Financial Advisers, Chris Cummings, has joined the Financial Conduct Authority's (FCA) regulatory decision making committee.