Displaying items by tag: regulation
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.
FCA adds 300 Brexit updates to website
The FCA has urged financial services firms to be ready for the end of the Brexit transition period on 31 December as it prepares to make 300 updates to its website.
FCA fines Financial Planner over pension transfer advice
Warrington-based LJ Financial Planning has been fined £107,200 by the Financial Conduct Authority (FCA) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.
FCA reports adviser numbers up 4%
Financial adviser numbers have risen by 1,400 (4%) since the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR), ending years of decline.
Investors lose £30m in care homes UCIS
The FCA has launched High Court proceedings against a company and two individuals over alleged links to care home investments which saw investors lose more than £30m in a UCIS.
New roadmap for regulatory initiatives is published early
The Financial Services Regulatory Initiatives Forum has brought forward the launch of its Regulatory Initiatives Grid to today.
TPR publishes new investment governance rules guidance
Regulator intervenes to improve running of pension fund
Pensions Regulator prosecutes trustee firm director
A company director is to be prosecuted by The Pensions Regulator (TPR) for failing to provide information and documents requested as part of an ongoing investigation.
Michael Woolley was asked to provide information about investments made by company Southbank Capital Limited, of which he is both a director and a shareholder.
The investments related to money and/or assets originating from 16 pension schemes for which PIM Trustees Limited is the trustee.
Mr Woolley is the sole director and a shareholder of the professional trustee firm.
He was accused of failing to comply with a notice issued under section 72 of the Pensions Act 2004 that required the information and documents to be provided by 12 February 2019.
Mr Woolley has been summonsed to appear at Brighton Magistrates’ Court on 13 November to face a charge of neglecting or refusing to provide information and documents, without a reasonable excuse, when required to do so under section 72 of the Pensions Act 2004, contrary to section 77(1) of that Act.
The case continues.
TPR says small pension schemes ‘must quit market’
