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News

Regulation

FCA ups funding requirement to £446m

The Financial Conduct Authority (FCA) has increased its annual funding requirement (AFR) - the amount it levies fee payers - for 2014-2015.

clock 31 March 2014 •

Regulation

Call for Wheatley resignation after review 'blunder'

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), is facing calls for his resignation after the regulator made an "extraordinary blunder" that hit insurers' share prices, according to reports.

clock 31 March 2014 •

Regulation

FCA may have made 'extraordinary blunder', says Tyrie

The Financial Conduct Authority (FCA) may have made an 'extraordinary blunder' in allowing market sensitive information about its work to reach the public domain ahead of schedule, thereby creating a disorderly market in shares, Treasury Select Committee...

clock 29 March 2014 •

Regulation

Govt commissions independent review of Money Advice Service

The government has agreed to an independent review of the Money Advice Service (MAS) following pressure from the Treasury Select Committee (TSC).

clock 29 March 2014 •

Regulation

Lawyers called in to investigate FCA handling of closed policy probe

The Financial Conduct Authority (FCA) board has called in lawyers to investigate the regulator's handling of the revelation it is to examine the fair treatment of "long standing" customers in life insurance products, a revelation which sparked huge losses...

clock 28 March 2014 •

Regulation

Aviva: FCA closed policies probe to have 'minimal' impact on profits

Aviva has played down the potential impact on its bottom line of a regulatory probe into the closed life insurance policy market.

clock 28 March 2014 •

VCTs / EIS

Amati to waive performance fees on VCTs

Amati Global Investors, which runs venture capital trusts the Amati VCT and Amati VCT 2, is to waive future performance fees.

clock 28 March 2014 •

Regulation

FCA clarifies probe into closed product exit fees, Ts&Cs

The Financial Conduct Authority (FCA) has clarified the scope of its investigation into how customers in 'closed' life company products are being treated, indicating it will not review sales practices or necessarily act on exit fees.

clock 28 March 2014 •

Equities

Invesco Perpetual to shift High Income fund out of equity income sector

Invesco Perpetual has announced that Mark Barnett's Invesco Perpetual High Income fund will move out of the IMA Equity Income sector and into the IMA UK All Companies sector on 31 March.

clock 28 March 2014 •

Regulation

Advisers' FSCS levy to include £30m Catalyst claims

Investment advisers' share of the Financial Services Compensation Scheme's (FSCS) next annual levy, which is due to be announced next month, will include an extra £30m after it began processing investor claims against ARM bonds distributor Catalyst Investment...

clock 28 March 2014 •
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