The Financial Conduct Authority has published a list of risk areas for regulated firms to consider when dealing with crypto assets.
Read more ...Wealth firm fined £150k for failing to supply info to HMRC
- Monday, 21 March 2022
- Articles
An Isle of Man-based wealth management and tax advice firm, AML Tax (UK) Limited, has been fined £150,000 for failing to provide HMRC with legally required information.
Read more ...FOS to increase award limit by £20k to £375k
- Friday, 18 March 2022
- Articles
The Financial Ombudsman Service (FOS) has been given the go ahead by the FCA to increase its maximum compensation award to £375,000 from 1 April.
Read more ...Regulated market failed BSPS members says govt report
- Friday, 18 March 2022
- Articles
The regulated financial market failed to protect the British Steel Pension Scheme members, according to a damning report from the National Audit Office (NAO) into the wave of bad advice given to BSPS members.
Read more ...FCA warns firms to abide by Russian sanctions
- Monday, 14 March 2022
- Articles
The FCA has warned regulated firms to take steps to ensure they comply with government sanctions on Russian investments and doing business with Russia.
Read more ...FCA blocks 1 in 4 new firms from entering market
- Thursday, 03 March 2022
- Articles
The FCA halted 1 in 4 firms from entering the retail finance market in a six month period in 2021 as it stepped up its war on scammers.
Read more ...Treasury backs full regulation of mini-bonds
- Wednesday, 02 March 2022
- Articles
The Treasury has moved a step closer to making the underlying investments in mini-bonds a fully regulated activity to protect consumers after the £237m collapse of mini-bond provider London Capital & Financial (LCF).
Read more ...FCA introduces CMC fee cap
- Tuesday, 01 March 2022
- Articles
The Financial Conduct Authority (FCA) has introduced a cap on fees for claims management companies (CMCs).
Read more ...FCA stops British Steel adviser asset sale
- Tuesday, 15 February 2022
- Articles
The Financial Conduct Authority (FCA) has stopped AJH Financial Services Limited (AJH) from disposing of assets without FCA permission.
Read more ...PFS to challenge FCA perceptions of advice
- Tuesday, 08 February 2022
- Articles
The Personal Finance Society (PFS) is gathering evidence of the value of financial advice to challenge the Financial Conduct Authority’s (FCA) view of the sector.
Read more ...