FCA
UK regulator declares DFM insolvent
The Financial Conduct Authority (FCA) has declared discretionary fund management firm Beaufort Securities and its clearing arm, Beaufort Asset Clearing Services, insolvent.
FCA boss rejects Mifid II enforcement at all costs
FCA chief executive Andrew Bailey has rejected arguments Mifid II rules should be implemented whatever the cost to markets.
Best Practice | 26 Feb 18
Public IFA register resurrected amid British Steel scandal
In a move that comes too late for scammed British Steel Pension Scheme (BSPS) members, the Financial Conduct Authority has announced a consultation on a public register of approved financial advisers and other industry professionals.
Incoming FCA chair admits using tax avoidance scheme
The next chair of the UK’s Financial Conduct Authority said he made an “error in judgement” when he used a tax avoidance film scheme promoted by Ingenious, a firm that has lost several court battles against HM Revenue & Customs.
Pensions Ombudsman investigates 150 British Steel complaints
The UK’s Pensions Ombudsman is currently investigating a group of more than 150 complaints and expects to receive more about transfer values linked to the beleaguered British Steel Pension Scheme (BSPS).