Platform paper puts consumers in the driving seat
Ian Sayers, director general of the AIC, has welcomed the FCA's long-awaited rules outlining how platforms can be paid going forward.
FCA
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fsa accused of shoe-horning as 70 question
The latest survey of regulated firms on their opinion of the FSA and the first on expectations of the FCA will not have made fun reading for the new regulator.
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More charged in FCA war on financial crime
Two men have been charged by the FCA in relation to an unauthorised investment scheme through which they obtained around £5m in investor cash.
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pa analysis fca platform paper wedding night
Just before the end of the 2012/2013 tax year, Her Majesty’s Revenue and Customs confirmed it is to subject any rebates received by investors to income tax. From that point on, the FCA platform paper finally published last Friday (26 April) was an easier one to put together as HMRC trumps FCA in more than…
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std life skandia divided fca platform paper
The initial reaction has been overwhelmingly positive to the Financial Conduct Authority’s long-awaited platform paper was published this morning which has banned cash rebates greater than £1 for both advised and non-advised platform business.
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private bank fined for money laundering failure
EFG Private Bank has been fined £4.2m by the FCA for failing to establish and maintain effective anti-money laundering (AML) controls for a period of more than three years.
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banks top investment complaints
High street banks topped the FCA’s list of complaints data for the second half of 2012, both overall and for investment-related grievances, justifying the regulator's mystery shopping exercise to evaluate their advice processes last year.
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Wealth and fund managers face FCA funding hike
The combined annual funding requirement (AFR) for the FCA and PRA is £646.3m, a 15% increase on the FSA's figure in 2012/2013.
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Investors set to benefit from fit restructure
Investors may benefit from increased returns as the Freehold Income Trust is reclassifed from a Ucis (Unregulated Collective Investment Scheme) to a Property Authorised Investment Fund (Paif), meaning it is no longer subject to capital gains tax.
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pa analysis ceo fca dg bbc
Yesterday was the first working day in a new job for Tony Hall and Martin Wheatley but which of them has the tougher task, and who is most likely to come through it unscathed?
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compliance overheads mount under regulation
When it comes to regulation there seems to be a never-ending list of rules to comply with. To keep on top of it is it best to outsource to a specialist or hire someone in-house, and how much priority should you give a non-client facing function?
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recognises possibility of banking failure
The FSA and Bank of England have unveiled new rules relating to banking start-ups which relax some of the sector’s regulatory barriers to entry and are aimed at increasing competition.
