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FCA

Regulation

Questions raised over Sesame protection premiums and commissions

Clients who buy the same protection products via Sesame could pay vastly different premiums amounting to thousands of pounds more depending on which of the network's two types of adviser they deal with, an investigation by Professional Adviser has revealed....

clock 12 January 2015 •

Regulation

Advisers' guidance guarantee bill could hit £4.2m in 2015-2016

Financial advisers look set to share a collective guidance guarantee bill of £4.2m in 2015-2016, according to government forecasts.

clock 12 January 2015 •

Regulation

Unauthorised forex investment fraudster convicted

An unauthorised forex trader has been found guilty of fraud in a case brought by the Financial Conduct Authority (FCA).

clock 09 January 2015 • 2 min read

Income

Pension Bill amendment could pave way for drawdown charge cap

A proposed change to the Pension Schemes Bill may lead to a future cap on charges in drawdown funds.

clock 09 January 2015 •

Income

FCA and AMPS 'rift' leaves SIPP operators adrift on pension liberation

The Financial Conduct Authority (FCA) and the Association of Member-Directed Pension Schemes (AMPS) "are not on speaking terms" after last year's SIPP capital adequacy showdown - leaving providers with little or no support in the fight against pension...

clock 08 January 2015 •

Regulation

BBC's 'Rip Off Britain' re-investigates Harlequin Property

Victims of failed £400m overseas property investment Harlequin have appeared on national television to reveal how losing their retirement funds has left them "frightened" as they enter old age.

clock 07 January 2015 • 2 min read

Regulation

APFA calls for clarity from FCA on social media rules

An adviser trade association is calling on the regulator to ensure its final guidance on using social media channels is clear after a poll of members suggested more than a third were unaware the watchdog was looking into the issue.

clock 06 January 2015 •

Regulation

Network subject to recruitment ban now welcoming new recruits

Adviser network Financial Ltd has received numerous applications from firms to join since a recruitment ban was lifted late last year, director Brian Galvin has said.

clock 06 January 2015 •

Regulation

Arch's Farrell hits out at 'deeply regrettable' court case as appeal launched

Arch Financial Products (AFP) chief executive Robin Farrell has hit out at "deeply regrettable" findings in a recent lawsuit against him and said investors could lose up to £4.4m in distributions from the action.

clock 24 December 2014 •

Regulation

FCA warns of unauthorised wealth manager

The Financial Conduct Authority (FCA) has warned of a scammer pretending to be an authorised wealth manager and targeting investors in the UK.

clock 23 December 2014 •
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