New PII rules are being considered by the FCA in a bid to prevent firms from “riskier practices”.
Product providers will have to cough up more to fund the FSCS under plans unveiled this morning.
The FCA has been urged to do more to encourage advisers to cut down lengthy suitability reports.
The FCA’s chief executive has warned some pension providers they must take action quickly after the regulator found customers were still at risk of high costs and charges.
A company whose founder is Arnold Schwarzenegger’s aid on a new US version of the TV show The Apprentice has been granted full FCA authorisation.
Some advisory firms are failing to adequately assess clients’ capacity for loss - a key element in risk profiling, a former FCA technical specialist has told Financial Planners.
Financial Planners should avoid ‘retrofitting’ when it comes to doing due diligence on DFMs, a former FCA technical specialist said this morning.
The Financial Conduct Authority’s chief executive will be grilled by Lords today as part of a probe into poor understanding of money related matters.
The FCA has found a “high level of inaccuracies” in PII policies for insurance advisers, especially on the scope of cover for FOS awards.
The Association of Professional Financial Advisers has called for the FCA to act swiftly to strengthen rules on unregulated investments.
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