Latest News
FCA bans and fines former non-exec director £154k
Regulator says non-executive director had a duty to disclose her interest in seeking consultancy work from the investment manager to her mutual...
Upper Tribunal quashes bid for anonymity
Damage to consultant’s income will not outweigh public interest, judge finds.
Market view: Commission has listened to pension industry
Industry supports European Commission’s decision not to “hamstring pension schemes with overly onerous and unnecessarily complex funding rules”.
BoE: The economy ‘needs to rebalance’
MPC member says he is not convinced that a further reduction in interest rates would stimulate demand.
Harlequin blames ‘discrepancies’ for two-year redress delay
Court ordered firm to repay investors original deposits, a 10 per cent penalty, plus interest of 6 per cent from December 2008.
OFT delays Blackrock’s Credit Suisse ETF merger
Delays such as this are “common” practice, Blackrock says.
Analysis & Opinion
Culling the adviser herd: No routes for new blood
Advisers are no longer able to start off by knocking on doors or sitting behind bank desks, Trevor Phelps warns.
FCA: Forcing platforms to justify charges will reduce costs
Platform paper architect exclusively answers FTAdviser reader questions on the effects of the rebate ban.
A decent explanation has immense value
This month I looked at a determination by the deputy pensions ombudsman partially upholding a complaint against the trustees and administrators of...
Self-investment is simply advice without the accountability
I would say it is advice because you are being led down a particular path and given a recommendation.
More on UK Regulation
Guide to Regulation Post-FSA
Since the beginning of April 2013 three new regulatory bodies have taken over the supervision of UK financial services.
1hr
MMR Implications - April 2013
The mortgage market has been fragile since the crisis first erupted, will the MMR help or hinder recovery?
40minSJP exit sparks gossip, longstop campaign begins afresh
Week in brief: Two significant departures set tongues wagging this week for completely different reasons.
Guide to the Mortgage Advice Market post-MMR
With the publication of the final Mortgage Market Review rules, a clearer picture is emerging of how mortgage advice will be affected.
40minPlatform fallout continues, interest-only worries abate
Week in Brief: Platform paper fallout, a small sigh of interest-only relief and margin hikes hit low-value investors.
Five things I learned from the FCA platform paper
The bit of this paper that struck me the most was hidden right in the back past the arcane annexes.
Recent Articles
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From Your Industry| May 23, 2013Questions raised over SJP’s RDR charging
Firm says the FCA is aware of its charging structure and has approved it.
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May 23, 2013Absence of long-stop threatens advice: Apfa
Renewed efforts to introduce a legal long-stop for advisers are essential and should be welcomed, Martin Evans has said.
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May 23, 2013PPI scandal will run for years, not months: Fos
The number of claims relating to payment protection insurance has surged in March this year, FCA figures have shown, leading the Financial...
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May 23, 2013JPMorgan slapped with £3m fine over investment advice
Client communications confirming suitability profiles not always sent to clients, regulator reveals.
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May 23, 2013IMF tells government: Give regulators more power
Restoring the health of the banks is crucial for restoring the UK economy and credit flow, IMF says.
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From Pensions| May 22, 2013Ombudsman tells Sun Life to compensate client
An adviser’s client had to accept a lower annuity rate after Sun Life was slow to transfer their pension fund to another provider.
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May 22, 2013High Court upholds Fos verdict despite ‘solicitation’
Independent assessor said Ombudsman’s investigation was not “well and firmly managed”.
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From Investments| May 22, 2013SCM launches fund cost calculator
Latest step in True and Fair cost campaign sees online tool for investors and advisers to calculate a ‘pounds and pence’ fund cost figure.
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May 22, 2013
Advisers should battle high FCA charges: Apfa
Advisers must urge the FCA to back down on “unsustainable” regulatory fees proposed in its budget for the year ahead, Chris Hannant has argued.
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May 22, 2013MPs slam HMRC for losing £2.3bn to ‘error and fraud’
Revenue has not done enough to tackle error and fraud, forcing government to cut other services, according to report.