FCA
Tax & Regulation | 13 Mar 15
Life ban for BlackRock fare dodger was ‘disproportionate’
The Financial Conduct Authoritys lifetime ban on an ex-BlackRock managing director who avoided £43,000 in ticket fares has been described as disproportionate and draconian by the head of the representative body for the UKs securities and investment industry.
United Kingdom | 11 Mar 15
Pension industry jointly responsibile for clients
There is a new and clear division of responsibility in the UK between consumers, the pensions industry and government policy makers coming into effect after 6 April that is a long way from the current system, the Financial Conduct Authority said.
Former FCA exec Clive Adamson joins Pru
The Financial Conduct Authority’s former director of supervision, Clive Adamson, is to join Prudential’s UK business, according to media reports.
Ex IFA jailed for 3 5m FX Ponzi scheme
A former independent financial adviser has been sent to prison for 10 years after running a £3.5m Ponzi scheme which fuelled his lavish lifestyle.
Tax & Regulation | 5 Mar 15
Trail commission ban to slash
The UK regulators banning of trail commission in 2016 could result in over 15,000 advisers losing their job, a report by the former director general of the association of IFAs has predicted.