Financial Conduct Authority

Advisers have generally benefited from the Retail Distribution Review (RDR) as their revenues have increased and they are more professional and better qualified, Financial Conduct Authority (FCA) chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) is still concerned about transparency in the advice space, especially in relation to charging and independence, chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) is gearing up to interview London-based advisers about their risk assessment processes as it works its way across the country.

Treasury committee chairman Andrew Tyrie has called on the regulator to scrap the "fundamentally flawed" approved persons regime for advisers and instead align the sector with the new standards being brought in for the banking industry.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have launched enforcement investigations into failures at the Co-operative Bank which led to it receiving a rescue package of £1.5bn from its parent company.

Three new members have been appointed to the Financial Services Consumer Panel.

Consumer group Which? is among four organisations awarded ‘super-complainant' status by the government, meaning it has the power to present complaints to the Financial Conduct Authority (FCA), which must respond.

The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.

MPs have refused to grant the regulator the power to ban individuals before its investigations into them are completed, due in part to the "serious harm" it could cause small firms.

Advisers have welcomed the Financial Conduct Authority's (FCA) first crack-down on an advisory firm which had permissions to advise but no actual qualified advisers, although they say the regulator should have acted sooner.