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FCA

Regulation

Regulatory reform costs doubled in swansong year of FSA

Regulatory reform costs of the former regulator, the Financial Services Authority (FSA) more than doubled in the last year of its operation and could in future be levied on firms, the FSA annual report has revealed today.

clock 10 July 2013 •

Regulation

Regulator's staff costs jump £15m

Staff costs at the regulator were £15.4m higher than budgeted for following its decision to make a one-off contribution of £22m to reduce its defined benefit pension scheme deficit.

clock 10 July 2013 •

Your profession

Martin Wheatley on £650k pay package

Financial Conduct Authority chief executive Martin Wheatley received a remuneration package of £650,000 last year, it has been revealed.

clock 10 July 2013 •

Your profession

ABI: 'Regulator wants to be seen to be taking action' against insurance industry

The Financial Conduct Authority (FCA) wants to be seen to be acting tough on risky products following the crash of the financial services industry, leaving insurers with the acute need to regain public trust, the Association of British Insurers (ABI)...

clock 10 July 2013 •

Regulation

Wheatley 100 days in: FCA 'very different animal' to FSA

The Financial Conduct Authority (FCA) is going in the right direction to becoming a "genuinely different" regulator and will put greater emphasis on competition, its chief executive Martin Wheatley has said.

clock 09 July 2013 •

Your profession

APFA: FCA must make running advisory firms easier

The Association of Professional Financial Advisers (APFA) has warned the regulator that consumers will be disadvantaged if the trend of shrinking adviser numbers is not reversed.

clock 08 July 2013 •

Wrap/platforms

7IM to introduce platform fee for own funds

Seven Investment Management (7IM) will introduce a platform fee for its funds by April 2014, in anticipation of a Financial Conduct Authority (FCA) ban on cross subsidies.

clock 08 July 2013 •

Regulation

BoI borrowers could hit advisers with mis-selling claims, Wheatley warns

Borrowers hit by the Bank of Ireland (BoI) rate rise could take legal action against the intermediary who sold them the mortgage, according to the Financial Conduct Authority (FCA).

clock 08 July 2013 •

Regulation

Warning notices: APFA wants equal weighting given to clearing advisers' names

The Association of Professional Financial Advisers (APFA) has said it fears innocent advisers would be disadvantaged and their names not cleared sufficiently under new proposals by the Financial Conduct Authority (FCA) about publishing warning notices....

clock 05 July 2013 •

Investment

Galloway's Arch Cru EDM collects 25 signatures

Respect MP George Galloway's early day motion (EDM) to fight for full compensation for Arch Cru investors has gained 25 signatures so far.

clock 05 July 2013 •
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