FCA

The Financial Conduct Authority (FCA) is not prescriptive about how firms deliver their services because it knows advice can be given in an "infinite variety of ways" - but it has communicated four steps firms should follow to satisfy its requirements....

The Financial Conduct Authority (FCA) is concerned about the due diligence advisers perform on investment product providers and will continue to monitor the area, technical specialist for the regulator Rory Percival has said.

The Financial Services Compensation Scheme (FSCS) has paid out more than £880,000 to clients who lost money following the collapse of overseas property schemes advised on by former IFA Bentley-Leek.

Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review (RDR), according to a recent poll, despite regulatory scrutiny of the market.

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The Financial Conduct Authority (FCA) has fined two directors of a Surrey-based IFA £885,000 and banned them from holding any position at a financial firm for misleading investors to invest in overseas property schemes that they were also in charge of....

The Financial Conduct Authority (FCA) has said it is reassured by the progress banks have made in moving away from incentives-based sales models but it is still concerned about how investment and protection products are sold to consumers.

Firms must learn from the mistakes of their peers to avoid falling foul of the regulator's rules and its increasing willingness to dish out large fines, a consultancy has warned.

A City law firm has attacked the regulator's plans to remedy the damage caused to firms subject to a false warning notice, saying the proposed action was little more than a "footnote".

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