A petition calling for an independent review of the regulation of financial advisory firms and the FSCS is closing in on 500 signatures.
An investigation has been launched by the Government to find solutions to the so called advice gap, while a probe will also examine the effectiveness of the Money Advice Service.
The chance for professionals working in and around the advice sector to comment on a major review examining the so-called advice gap ends next week.
A director from the Prudential Regulation Authority is joining the FCA for a one year role as the ripple effects of Martin Wheatley’s looming departure spread out.
Fines worth just under £170,000 were handed out to firms for auto-enrolment failings in the 12 months from April 2014.
Jargon must be binned as part of an FCA shake up to simplify switching between cash savings accounts, providers have been told.
A one-day target for finance firms to resolve customer complaints is to be abolished while premium rate charges will be banned.
The FCA says it is making decisions on whether to refer a firm or individual to its enforcement division for a formal investigation more ‘transparent’.
The Pensions Ombudsman has admitted it has been struggling to cope with rising demand as figures show a 42% increase in investigations over five years.
Comics are one of the “smarter and more effective” ways firms should be communicating with consumers, the FCA has suggested.
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