FCA fines regulation
The City regulator has revealed it will publish the details of on-going investigations, following on from its vow earlier this year to get tough on errant firms.
The City regulator has revealed it will publish the details of on-going investigations, following on from its vow earlier this year to get tough on errant firms.
The FCA has completed the restructure of its supervision division with the hire of four directors that will head up key areas within it.
Crowdfunding has been basking in the spotlight this week, for both positive and not so positive reasons.
Mired in a compliance minefield, the Association of Professional Financial Advisers (APFA) calls on the FCA to reduce the burden of RMAR reporting for the adviser community.
This morning, the UK’s Financial Conduct Authority revealed its first review into the implementation of the RDR which found some advisers were claiming independent status when in fact they were offering a restricted choice of products or providers.
An early FCA review into the adjustment to RDR shows some advisers continue to describe themselves as independent yet are choosing products from a limited number of providers.
A broker has been fined and banned by the Financial Conduct Authority for failing to put into place policies he told a client he had arranged.
It seems many in the adviser community remain downbeat on RDR but, even without the regulator(s) undertaking, wouldn't market forces be pushing us in the direction of change anyway?
There was a 15% drop in the number of financial advisers following the implementation of the RDR, according to updated figures from the Association of Professional Financial Advisers.
Christina Sinclair, acting director of retail at the FCA is leaving the regulator to take on a new compliance role at Barclays.
FCA chief executive Martin Wheatley will today outline his vision for a more competitive financial landscape, with the best products and services "thriving", and the worst performing firms exiting the market.
Almost two-thirds of advisers will carry out further platform due diligence following the FCA’s platform paper, and of those 44% have already started to do so.