The FCA has set out options for measuring value of general insurance products following concerns about poor value and a lack of effective competition.
A £75m bill is heading the way of financial advisers to pay for the FCA in this financial year – a jump of 10.2%.
The FCA must fire a warning to firms that barriers stopping savers accessing their pensions are unacceptable, the Government has commanded.
Chancellor George Osborne has set out his ambitions to make Britain’s financial services sector the best regulated in the world and to have the highest standards.
The FCA fined firms over £1.47billion in 2014, which was about treble the amount of the previous year.
FCA chiefs have reiterated their desire today to tear down the obstacles blocking the path for finance firms wanting to use digital and mobile technology to innovate.
Rule changes to make advising on the transfer of safeguarded pension benefits into flexible benefits a regulated activity could lead to further up skilling in the industry, a pensions expert believes.
An equity release adviser who made “illegitimate transfers” totalling £1,000,000 has been hit with a ban by The Financial Conduct Authority today.
The FCA has this morning told advisers what it considers to be poor practice when advising insistent clients.
Two key executive roles at the FCA have been filled this morning, with the regulator announcing appointments as part of a management and structural overhaul.
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