Displaying items by tag: FCA
Investors set for £11m compensation as FCA wins Avacade appeal
The Court of Appeal has upheld findings of breaches against illegal pension introducers Alexandra Associates (UK) Limited trading as Avacade Future Solutions (AA), and Craig and Lee Lummis in a case brought by the Financial Conduct Authority (FCA).
FCA wins £25m back for SIPP victims
The Financial Conduct Authority has secured £25m more compensation for 4,500 investors in the failed Park First scheme which saw investments sold to a number of SIPP investors.
Expect to see an FCA that looks different says Rathi
Over the next 18 months Financial Planners can expect to see a Financial Conduct Authority (FCA) that looks and feels different, according to the regulator’s chief executive Nikhil Rathi.
Pension freedoms cost savers £2bn in lost returns
Savers cashing out their pension pots to take advantage of pension freedoms since 2015 are set to lose £2bn as a result, according to new research.
Pension fraud 9 times more likely online – FCA
Pension savers are nine times more likely to accept advice from a pension scammer online than they would in person, according to new research from the Financial Conduct Authority (FCA).
FCA considers diversity targets for regulated firms
Promotion of Pension Wise risks undermining Planners
The Financial Conduct Authority’s (FCA) pension guidance consultation is too skewed to promotion Pension Wise and risks detracting from Financial Planners who may better serve customers, according to pension and investment providers.
FCA boosts British Steel claim applications
The Financial Conduct Authority (FCA) has published a new web page to help British Steel workers who transferred out after receiving unsuitable advice better understand the claims process.
FCA issues warnings on unauthorised comparison sites
The FCA has launched a major crackdown on scam bond and investment comparison websites in signs of a tougher approach from the regulator.
FCA plans to strengthen consumer protection
The FCA is to consult on plans for a new ‘Consumer Duty’ for regulated firms which will set a "higher level" of protection for consumers buying retail finance products and services.