Displaying items by tag: regulation
FCA pushes £26.7m SIPP provider into insolvency
The Financial Conduct Authority (FCA) has ordered that Cambridgeshire SIPP provider DAC Pensions Limited be placed into insolvency after the firm accepted business from unauthorised introducers without the proper vetting required by the FCA.
£125m pension transfer adviser appeals FCA fine
The FCA has provisionally fined pension transfer financial adviser Geoffrey Edward Armin £1.28m for a number of advice failings.
Contingent charge ban cuts pension transfers
The ban on contingent charging and the pandemic have resulted in a major slump in pension transfers, according to new research.
FCA considers diversity targets for regulated firms
The FCA and other regulators may set diversity targets in future for regulated firms.
SIPP adviser banned as a director for 13 years
Chartered Financial Planner Darren Antony Reynolds has been banned from being a director for 13 years for pension transfer failings which resulted in clients losing £24 from their pensions.
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.
FOS to increase its case fee to £750
The Financial Ombudsman is to increase its case fee by £100 to £750, according to its new budget and financial plans published today.
FCA appoints first chief data officer
The Financial Conduct Authority has appointed its first chief data officer among five new appointments announced today as it pushes ahead with its ambition to become a 'data-driven' regulator.
FCA throws out 343 regulatory applications
The FCA halted 343 applications for authorisation from firms and individuals in 2020 in a clampdown to protect consumers.