FCA

Retirement | 4 Aug 16

The UK regulator is planning to take a fresh look at how it calculates levels of redress when unsuitable advice is given on the transfer of defined benefit (DB) pension schemes. While advisers claim it’s not just DB schemes that are facing issues, with some defined contribution (DC) pension transfers also proving problematic.

Best Practice | 3 Aug 16

The Financial Conduct Authority (FCA) has voiced concerns about the “inappropriate influence” that unauthorised introducers have on investment choices made by UK advisers, revealing that it has seen a growing number of cases where client pensions are being transferred into unregulated high risk products.

Best Practice | 1 Aug 16

The Financial Conduct Authority (FCA) is expanding its remit over financial crime by requiring large firms to file yearly reports into the matter.

Investment | 27 Jul 16

UK outsourcing firm Capita has paid £18.5m (€22.07m, $24.2m) to settle a claim brought against it by the liquidator of the Connaught property fund fraud in which investors lost up to £100m.

Tax & Regulation | 26 Jul 16

The Treasury Committee is recommending that part of the UK’s Financial Conduct Authority (FCA) be spun out to form a new financial regulation enforcement body.