FCA
FCA drops investigation into Scottish Widows
There is “insufficient basis for taking any enforcement action” against Scottish Widows following a review of the firm’s fair treatment of longstanding customers, the Financial Conduct Authority announced on Tuesday.
Fraudster ordered to hand over inheritance to pay fine
A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).
UK advice in good health but PI cover up
The scale of the burden of rising professional indemnity insurance (PII) premiums has been revealed in a new section of the UK regulator’s data bulletin.
Mattioli Woods suspends DB transfer advice service
UK-based Mattioli Woods has stopped providing pension transfer advice service to individuals with safeguarded benefits as the wealth manager undertakes a full review of its work in the area.
UK regulator punishes advice firm for register failure
The Financial Conduct Authority (FCA) has taken strong action against a financial advice firm by cancelling its permissions after it failed to submit its regulatory returns.