FCA
Tax & Regulation | 22 Jul 16
FCA raps insurers and brokers for poor controls over reps
The UK Financial Conduct Authority says it has identified “serious and widespread” issues with how general insurance companies and brokers manage their networks of authorised representatives.
Tax & Regulation | 20 Jul 16
New FCA chief unconvinced FAMR recommendations will work
UK Financial Conduct Authority chief executive Andrew Bailey has admitted to the government’s Treasury Select Committee that proposals made by the Financial Advice Market Review may not solve the advice gap, which was in part created by the Retail Distribution Review.
Retirement | 15 Jul 16
More than a half of UK savers cashing in pensions, says FCA
Over half of UK savers are cashing in their savings following the introduction of pension freedoms last year, research from the UK’s Financial Conduct Authority (FCA) suggests.
Tax & Regulation | 13 Jul 16
FSCS payments reach record high over risky Sipps investments
Payouts to UK consumers, aggrieved by poor life and pensions advice, have more than doubled due to an increase in high risk Sipp investment claims, new figures from the Financial Services Compensation Scheme (FSCS) show.
FCA ‘hampered’ HSBC money laundering prosecution, says report
UK chancellor George Osborne and the Financial Conduct Authority (FCA) intervened in a US investigation that could have seen Europe’s largest lender, HSBC, prosecuted for money laundering, a new report claims.