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The FCA has imposed a reduced fine of £60,000 on Alistair Rae Burns and made an order banning him from performing any senior management function in financial services.
The FCA’s Chris Hewitt went into detail about new rules governing DB transfers at yesterday’s Paraplanners Powwow.
The FCA has issued a warning about scammers running a clone of Bestinvest, the well known SIPP and direct investment firm run by Financial Planner and wealth manager Tilney.
The FCA recently published its final report on the Retirement Outcomes Review which has some interesting ideas to improve the experience of non-advised consumers, but some of the areas could cause difficulties for the SIPP sector.
The FCA is set to take over regulation of claims management companies and estimated the cost to be in the region of £17m.
The launch of a new FCA and TPR campaign to boost awareness of pensions scams has been welcomed by the profession.
The FCA, alongside 11 financial regulators and related organisations, has today announced the creation of the Global Financial Innovation Network (GFIN), building on the regulator’s proposal to create a ‘global sandbox’.
The Upper Tribunal has upheld an FCA decision to fine and ban Alistair Burns, chief executive of advice firm TailorMade Independent Limited, as it was confirmed that the FSCS compensation bill for his failed business could hit £106.5m.
At first glance, how the Financial Conduct Authority (FCA) intends to improve retirement outcomes for non-advised consumers may appear of little relevance to advisers. And with no short supply of regulatory changes affecting their businesses’, many advisers might have concluded that the time spent reading CP18/17 was more a luxury than a necessity.
A new report, by the FCA Practitioner Panel, has highlighted that the regulator has room for improvement in international regulation and Brexit.
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