One in twelve (8%) financial advisers and wealth managers do not expect their firm to meet the Consumer Duty Board report deadline, according to new research.
Read more ...FCA provisionally bans 2 over £10m of 'reckless' SIPP advice
- Friday, 24 May 2024
- Articles
The FCA has provisionally banned two financial advisers for “acting without integrity” in relation to SIPPs pensions advice involving £10m of investments.
Read more ...FCA revokes London adviser’s permissions
- Friday, 24 May 2024
- Articles
The FCA has cancelled the permissions and withdrawn the authorisation of London-based financial advice firm Elan Financial Group Ltd (FRN: 48971).
Read more ...FCA fines HSBC £6.2m over customer treatment
- Thursday, 23 May 2024
- Articles
The FCA has fined HSBC Bank plc, HSBC UK Bank plc, and Marks and Spencer Financial Services plc (HSBC) £6.28m for failures in its treatment of customers who were experiencing financial difficulties.
Read more ...Regulators hit Citigroup with fines totalling nearly £62m
- Wednesday, 22 May 2024
- Articles
Citigroup Global Markets Limited (CGML) has been hit today with two fines by UK financial regulators totalling nearly £62m.
Read more ...FCA warns of ‘gaps’ as new Duty deadline looms
- Friday, 17 May 2024
- Articles
The FCA has written a Dear CEO letter to provider bosses to alert them to potential gaps in data as the Consumer Duty deadline for closed products looms.
Read more ...FCA defends its actions over BSPS scandal
- Tuesday, 23 April 2024
- Articles
The FCA has responded robustly to complaints about the time it took to provide redress to victims of the British Steel Pension Scheme (BSPS) scandal.
Read more ...FCA monitors increase in overseas firms entering UK
- Friday, 19 April 2024
- Articles
The FCA is keeping a close eye on an ‘uptick’ in overseas firms trying to establish an operation in the UK but keeping senior staff overseas.
Read more ...Experts says FCA review highlights key role of Planners
- Wednesday, 20 March 2024
- Articles
The FCA’s thematic review - which investigated how firms were providing retirement income advice - has demonstrated the value of a good Financial Planner, according to financial professionals.
Read more ...FCA dials down Consumer Duty enforcement rhetoric
- Thursday, 14 March 2024
- Articles
FCA CEO Nikhil Rathi has said that the FCA will take a ‘pragmatic’ approach to enforcing its new Consumer Duty.
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