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FCA

Regulation

Rory Percival: Paraplanning will not be regulated

Financial Conduct Authority (FCA) technical specialist Rory Percival has praised paraplanners for seeking to build a profession, but said the role should - and would - not be regulated.

clock 11 September 2015 •

Regulation

Advisers call on FCA to limit direct provider contact with clients

Advisers are calling on regulators to introduce rules restricting the contact product providers can have with their clients.

clock 11 September 2015 •

Regulation

Expat adviser traps couple's £380k pension in risky schemes

An expat adviser a couple met when they retired to Spain has trapped their £380,000 pension pot in a collection of high risk problem-laden unregulated investments, leaving them in danger of losing everything.

clock 08 September 2015 •

Equity release

FCA to examine equity release market amid reputation concerns

The Financial Conduct Authority (FCA) is considering its regulation of the equity release market amid concerns a "dirty word" reputation has led to an under-functioning market.

clock 07 September 2015 •

TCF

FCA tweaks suitability rules on offshore life insurance bonds

The Financial Conduct Authority (FCA) is planning to update its rules for retail clients advised to buy offshore life insurance bonds, affording them greater protection.

clock 04 September 2015 •

Regulation

FCA proposes new approved qualification

The Financial Conduct Authority (FCA) wants to add an undergraduate degree in financial planning to its list of approved qualifications.

clock 04 September 2015 •

Regulation

FCA to include scam firms in relaunch of official register

The City regulators will launch a new Financial Services Register to make it easier to find information on those they regulate - including scam firms for the first time.

clock 04 September 2015 •

Regulation

Personal Touch hikes member fees after 38% regulatory levy rise

Adviser network Personal Touch Financial Services has written to members informing them of a planned fee increase after suffering what it called "indiscriminate" increases to its regulatory costs.

clock 04 September 2015 •

Income

Providers paying out £27m a day since pensions freedom, says ABI

Savers have withdrawn £2.5bn from their pensions - mostly in cash lump sums - since the government's wide-ranging retirement reforms in April, latest figures show.

clock 03 September 2015 •

Regulation

Arck advice on trial as 'sophisticated investor only' FOS ruling upheld

Financial advisers who put ordinary investors' money into collapsed £60m property scheme Arck face an even greater struggle with complaints, after the Ombudsman upheld a ruling that the investment was likely to be suitable only for sophisticated clients....

clock 02 September 2015 •
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