News

Advisers have generally benefited from the Retail Distribution Review (RDR) as their revenues have increased and they are more professional and better qualified, Financial Conduct Authority (FCA) chief executive Martin Wheatley has said.

A group of Lifemark-backed Keydata bond investors are renewing their efforts to organise a public inquiry into the collapse of the investment scheme nearly five years ago, by lobbying their MPs to act.

Peter Craddock, a director at the Association of Professional Financial Advisers (APFA), is among three new names on a Financial Conduct Authority (FCA) committee responsible for approving applications and issuing warning notices.

The Association of Investment Companies (AIC) is putting together a list of shares and securities independent advisers can continue to recommend after restrictions on their use of higher-risk unregulated investments come into force next year.

Advisers and pension scheme members have been warned not to "overreact" to the pension lifetime allowance cut, which is due to fall from £1.5m to £1.25m on 6 April.

The UK's headline rate of inflation fell to 2% in December, meeting the government-set target for the first time since November 2009, official figures show.

Three former Rabobank traders have been charged in the US with manipulating the yen LIBOR benchmark interest rate since 2006.

The Financial Conduct Authority (FCA) is finding it difficult to measure the true effects of the ‘advice gap' but will make it a priority over the coming year, according to chief executive Martin Wheatley.

The Financial Conduct Authority (FCA) will not reimburse advisers for previously 'overpaid' fees if the proposal to cut regulatory costs from next year comes into force, chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) is still concerned about transparency in the advice space, especially in relation to charging and independence, chief executive Martin Wheatley has said.