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Regulation

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 • 2 min read

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 •

Insurer

FCA probe finds "no consistency" in industry use of private investigators

The Financial Conduct Authority has stated that "there is no consistency" in the way insurance companies use private investigators (PI).

clock 01 October 2013 •

Regulation

FCA fines Clydesdale Bank £8.9m over mortgage TCF failings

The Financial Conduct Authority (FCA) has fined Clydesdale Bank (Clydesdale) £8.9m for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

clock 26 September 2013 •

Regulation

Partnership faces FCA investigation over inducements

Partnership Assurance is thought to be one of the two companies the Financial Conduct Authority (FCA) is considering taking action against for inducement breaches, according to reports.

clock 19 September 2013 •

Regulation

Zurich says advisers 'are rising to RDR challenge'

Over half of advisers (53%) have found the transition to the Retail Distribution Review (RDR) either smooth or very smooth, according to new research from Zurich.

clock 19 September 2013 •

Regulation

Partnerships in firing line as Lib Dems look to close tax 'loophole'

The Liberal Democrats have vowed to close tax loopholes in limited partnership firms and for private equity investors, as part of the party's action to "tackle the remaining deficit fairly".

clock 18 September 2013 •
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