FCA
FCA to review fines policy after FX scandal
The FCA is to review how it fines unscrupulous firms having dished out £1.39bn in penalties since April.
United Kingdom | 28 Nov 14
FCA to half adviser guidance guarantee levy
The Financial Conduct Authority (FCA) has proposed giving advisers a 50% reduction in the levy to fund the Government’s guidance guarantee service.
3 5 million consumers now divorced from advice
Senior advisory figures in the UK have claimed that both the Financial Conduct Authority (FCA) and advisers should be held to account for divorcing many consumers from advice, following the implementation of the Retail Distribution Review (RDR).
Tax & Regulation | 24 Nov 14
FCA review of in house funds reveals
An FCA review of the use of in-house investment products by wealth management and private banking firms, while largely positive, has revealed some weaknesses in client communication.
RBS fined 56m over IT failures
Regulators in the UK have fined Royal Bank of Scotland £56m for IT failures which meant customers of three of the groups banks were unable to access banking services.