Potentially thousands of financial advisers could fall foul of the new Mifid II regulations for having the wrong type of intermediary agreement with their discretionary fund managers, the Personal Finance Society has warned.
The Financial Conduct Authority has confirmed that it took action to stop eight UK firms, including deVere and Holborn, conducting and/or arranging overseas pension transfers in the last financial year but has declined to name them all.
The Financial Conduct Authority (FCA) has launched a review aimed at assessing whether investment platforms, including those offered by life companies, operate in the customer’s best interests.
A wealth management firm has withdrawn its appeal against an FCA decision to cancel its permissions after its founder was found guilty of insurance fraud last year.
A European watchdog has urged a crackdown on investment firms setting up ‘letter box’ entities across the continent in the wake of the Brexit vote.
The Financial Conduct Authority’s (FCA) proposals to make it easier for state-owned companies to publicly float in the UK has been branded “bad news for London” by Royal London Asset Management.
The Royal Bank of Scotland has agreed to pay the Federal Housing Finance Agency (FHFA) $5.5bn (£4.2bn) to drop its outstanding litigation against the bank.
Pension savers risk exhausting their retirement pots too early by accessing income drawdown without taking advice, according to the Financial Conduct Authority (FCA).
The chairman and chief executive of global investment bank JP Morgan Jamie Dimon has warned it is decisions made in the European Union not in the UK that will determine if thousands more jobs move from London to other European centres in the wake of Brexit.
There is a ‘clear case’ for simplifying the point of sale disclosure regime which is too complex and confusing for investors, AJ Bell’s chief executive has said in a letter to the FCA.
FCA chief executive Andrew Bailey took home a total pay packet of £449,000 in 2016/17 according to the regulator’s annual report and accounts.
The chief executive of the Financial Conduct Authority Andrew Bailey has questioned whether financial firms should have to move owing to Brexit, adding that “authorities” should not dictate where financial firms are based.
