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Regulation

Regulation

FCA plans to cut adviser fees under fee block reallocation

The Financial Conduct Authority (FCA) has set out plans to cut regulatory fees by reallocating advisers who have permissions to hold client money or safeguard and administer assets to different fee blocks.

clock 31 October 2013 •

Regulation

FOS kicks off £200k review of its role and reach

The Financial Ombudsman Service (FOS) has hired trend forecaster the Future Foundation to conduct a review of the ombudsman's role in the changing world of financial services.

clock 30 October 2013 •

Regulation

UK economy grows 0.8% in third quarter

UK GDP growth was 0.8% in the third quarter of the year, according to the first estimate from the Office for National Statistics (ONS).

clock 25 October 2013 •

Regulation

ABI to combine general insurance with life and pensions

The Association of British Insurers (ABI) will combine general insurance with life and pensions under a new department.

clock 24 October 2013 •

Regulation

PPI complaints top one million

The Financial Ombudsman Service (FOS) has now received over one million complaints about payment protection insurance (PPI), with the majority of them being in relation to the mis-selling of policies.

clock 23 October 2013 •

Regulation

FOS complaints pushed higher by pension claims rise

The Financial Ombudsman Service (FOS) has reported a 39% increase in overall complaints against financial products, with increases in claims related to self-invested person pensions (SIPPs), personal pensions and annuities.

clock 22 October 2013 •

Regulation

Co-op Bank to take further £100m hit on PPI

The Co-operative Bank has said it expects to shell out a further £100m in compensation to cover "revised" estimates on claims made over the sale of PPI.

clock 21 October 2013 •

Regulation

FCA warning notices: When the regulator will identify individuals

The Financial Conduct Authority (FCA) will now be publishing details of warning notices against firms and individuals before it issues enforcement proceedings against them. But in what circumstances will it name and shame individuals?

clock 16 October 2013 •

Regulation

Demand for fee-based advice unaffected by RDR - research

Despite fears that consumers would be unwilling to pay for financial advice post the retail distribution review (RDR), AXA's latest Big Money Index has found that one in four consumers are willing to pay for financial advice, the same number as pre-RDR....

clock 09 October 2013 •

Regulation

UK National Crime Agency launches with cyber criminals in its sights

The UK's new National Crime Agency (NCA) launched today in an effort to co-ordinate the nation's efforts to tackle high-level crime within a single agency.

clock 07 October 2013 •
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