United Kingdom
United Kingdom | 26 Mar 15
FCA to increase adviser fees by 10
The UK Financial Conduct Authority has outlined plans to increase the adviser regulatory levy by 10% to reach nearly £75m.
United Kingdom | 26 Mar 15
FCA to make annuity providers rank their products
Annuity providers in the UK will be required to rank their product against their competitors in order to help consumers find out if they can get a better deal by shopping around.
United Kingdom | 25 Mar 15
FOS freezes adviser levy and cuts budget
The Financial Ombudsman Service has frozen its compulsory levy which is partially funded by advisers and will cut its budget by 11% over the next tax year.
United Kingdom | 24 Mar 15
Extradited IFA pleads guilty to Ponzi scam
A British-based financial adviser, who fled to Malaysia after his company collapsed, has confessed to setting up a Ponzi scheme which inflicted millions of pounds in losses on investors.
United Kingdom | 24 Mar 15
Asset managers should expect increased scrutiny
Suitability standards in the asset management industry are set to come under Financial Conduct Authority scrutiny in 2015/16, the regulator said in its business plan for the period.