FCA
Barclays fined record £72m for failing to ‘minimise crime’
The Financial Conduct Authority (FCA) has fined Barclays Bank a record amount for failing to minimise the risk that it may be used to facilitate financial crime.
Tax & Regulation | 25 Nov 15
Ex-IFA’s landmark jail term for ‘giant Ponzi scheme’ upheld
The UK Court of Appeal has upheld a landmark sentence of 10 years’ imprisonment imposed on former independent financial adviser Phillip Boakes following his conviction on charges brought by the Financial Conduct Authority (FCA).
Vanguard finds advisers split on robo-advice
Two-fifths of UK wealth managers believe robo-advice offers the potential for greater efficiency and to attract new clients in the next five years, according to a survey from Vanguard.
United Kingdom | 19 Nov 15
UK financial adviser numbers rise but still woefully short
The number of independent and restricted financial advisers in the UK rose by 5% to 22,557 in November 2015, up from 21,496 in October 2014.
Tax & Regulation | 18 Nov 15
FCA outlines terms for asset management study
The FCA has published terms of reference for its asset management market study, focusing on industry competition, remuneration and the role of investment consultants.