News

MPs have called for a ban on external accountants working in government to prevent them passing on knowledge of tax loopholes to benefit clients.

The board of the Financial Ombudsman Service has appointed Amerdeep Somal as the new independent assessor for the service.

The Financial Conduct Authority (FCA) has confirmed execution-only platforms will be caught up by its cash rebate ban and has blamed a 'typographical error' for earlier confusion.

Prudential has poached Jackie Hunt from Standard Life to give her the role of chief executive for its UK and European business.

The Financial Conduct Authority is to ban firms with platform and fund management arms effectively giving away platform services for free, in return for investment into its in-house funds.

Investors in Norway, the Netherlands, Switzerland, UK and Germany are less worried about pension provision than in other EU countries.

The Financial Conduct Authority (FCA) is to allow platforms to receive payments from fund managers in relation to advertising products.

The Financial Conduct Authority (FCA) is to permit rebates from fund managers to platforms in cash, provided they are passed on to consumers in full in the form of additional units.

The Financial Conduct Authority (FCA) is to consult on reading across its rules on platforms to adjacent markets, such as the self-invested personal pension (SIPP) arena.

The Financial Conduct Authority is to allow nominal ‘de minimis' cash rebates of £1 or less, despite outlawing the payments in all but name.