Over one in three financial services firms (36%) have been penalised at least once in the past 12 months for failing to meet regulatory requirements, according to a new report.
Read more ...FCA fines first crypto firm with penalty of £3.5m
- Thursday, 25 July 2024
- Articles
The FCA has issued a £3,503,546 fine to CB Payments Limited (CBPL) for repeatedly breaching a requirement preventing it from offering services to high-risk customers.
Read more ...Iress adds AI adviser assistant integration to Xplan
- Thursday, 25 July 2024
- Articles
Iress has added integration with artificial intelligence-powered adviser assistant tool PlannerPal to its cloud-based advice and wealth management software Xplan.
Read more ...FCA removes permissions from Brentford adviser
- Thursday, 25 July 2024
- Articles
The FCA has cancelled the permissions of Brentford-based Ekara Health Ltd (FRN 940007).
Read more ...Titan acquires Dubai Financial Planning firm
- Thursday, 25 July 2024
- Articles
Titan Wealth has acquired Dubai-based Financial Planning and wealth management firm AHR Group for an undisclosed sum in its first international deal.
Read more ...High Court orders WealthTek to return client assets
- Thursday, 25 July 2024
- Articles
The High Court has approved a plan to return client money and customer assets to clients of failed Newcastle-based wealth manager WealthTek.
Read more ...BSPS advisers pay only £8.87m in fines and redress
- Wednesday, 24 July 2024
- Articles
Financial advisers who gave bad advice to BSPS victims have been ordered to pay just £8.87m in fines and redress to BSPS victims - far less than the £50m expected, an FCA report out today reveals.
Read more ...FCA data shows fall in whistleblowing reports
- Wednesday, 24 July 2024
- Articles
The number of whistleblowers contacting the FCA to alert the regulator to suspected wrong-doing fell sharply in the latest quarter, new data shows.
Read more ...Consumers to lose £1.2bn due to bad pension transfers
- Wednesday, 24 July 2024
- Articles
Pension savers are losing £1.2bn each year by unwittingly transferring their pensions to higher charging providers, a new study warns.
Read more ...Pension schemes favour tax incentives
- Tuesday, 23 July 2024
- Articles
Pension schemes are in favour of the Labour government introducing tax incentives to increase pension investment in UK growth, according to a new survey.
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