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FCA

UK to make ‘polluters’ pay in FSCS levy shake-up

Tax & Regulation | 14 Dec 16

UK to make ‘polluters’ pay in FSCS levy shake-up

The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.

FCA fines down more than 97% in 2016

Tax & Regulation | 12 Dec 16

FCA fines down more than 97% in 2016

The UK’s Financial Conduct Authority (FCA) netted £22.2m ($27.9m, €26.4m) in fines against 23 financial institutions during 2016, a more than 97% drop from last year, reports the Guardian.

FCA sets deadline to end closed life book ‘poor practice’

Best Practice | 9 Dec 16

FCA sets deadline to end closed life book ‘poor practice’

A tighter framework for closed books of life and pensions business has been unveiled by the UK’s Financial Conduct Authority (FCA) after uncovering poor practices in parts of the industry.

UK and Hong Kong regulators agree fintech cooperation

Asia | 8 Dec 16

UK and Hong Kong regulators agree fintech cooperation

The Hong Kong Monetary Authority (HKMA) and the UK’s Financial Conduct Authority (FCA) are to “foster collaboration between the two regulatory authorities in promoting financial innovation”.

Third of over 75s in the UK targeted by investment fraudsters

United Kingdom | 5 Dec 16

Third of over 75s in the UK targeted by investment fraudsters

The UK’s Financial Conduct Authority (FCA) is urging people aged over 55 to make sure that all investment ‘opportunities’ are legitimate before they part with their money as new data from the watchdog victims of investment fraud lost £32,000 (€38,180, $40,732) on average every year.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.