FSCS
Tax & Regulation | 19 Jan 16
Authorised UK firms hit with £363m FSCS levy
Firms authorised by the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will have to collectively pay £363m ($518m, €475m) to fund the Financial Services Compensation Scheme (FSCS) in 2016/17, an increase of 13.1% from £319m in 2015/16.
Tax & Regulation | 9 Dec 15
APFA calls for product levy to reform FSCS funding
Levies set by the UK’s Financial Services Compensation Scheme (FSCS) hit an all-time high in 2015, with many firms concerned that they have reached unsustainable levels, according to APFA.
United Kingdom | 1 Dec 15
Financial firms outsource advice to unregulated third parties
Some UK financial adviser firms are delegating the entire regulated activity of providing advice to unregulated third parties, according to the Financial Conduct Authority (FCA).
Tax & Regulation | 19 Oct 15
Failed IFAs liable for negligent ARM bond advice
Investors of ARM Asset Backed Securities are now able to make successful claims against failed independent financial advisers (IFAs) if it can be proven they gave negligent advice.
Tax & Regulation | 10 Sep 15
FSCS reviews ‘complex’ claims against financial advisers
Claims brought against financial advisers who gave tax advice on “complex” investments such as film partnerships are to be reviewed by the UK’s Financial Services Compensation Scheme.