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FCA to take swifter action against firms that don’t use regulatory permissions
By Neasa MacErlean
Online Published Date:
14 September 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
Value for Money benchmarks proposed for DC pension schemes
By Neasa MacErlean
Online Published Date:
17 September 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
PRA tells firms to review regulatory reporting after finding “significant deficiencies”
By Neasa MacErlean
Online Published Date:
24 September 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
IFA barred after hiding DJ and hair salon income from HMRC and FCA
By Neasa MacErlean
Online Published Date:
29 September 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
Adviser jailed after seeking to avoid FCA restitution order by forging trust deed
By Neasa MacErlean
Online Published Date:
29 September 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
FCA to review rules to encourage long-term investment by DC pension sector
By Neasa MacErlean
Online Published Date:
29 September 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
FCA to allow synthetic LIBOR use in 2022 for ‘pool’ of sterling and yen legacy contracts
By Neasa MacErlean
Online Published Date:
30 September 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
FCA lays out targets and plan to tackle investment harm
After a succession of scandals in recent years, the Financial Conduct Authority has set out a new strategy to tackle harm in the consumer investments market – which accounts for £1.6 trillion and utilises the services of over 6,000 wealth managers,..
Online Published Date:
06 October 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
Pondering diversity
We can all agree that financial services firms ought to hire and promote staff without discrimination, as well as provide services that meet the needs of all groups within society. Yet, as we try to get to grips with failures of representation and what success should look like, all sorts of complex questions arise. Julian Sampson contemplates the Financial Conduct Authority’s diversity and inclusion agenda.
Online Published Date:
11 October 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
General insurance pricing and fair value: new rules stall ‘price walking’
Firms that manufacture and distributegeneral insurance products, or provide finance for their purchase, should bepreparing for onerous new requirements taking effect over the coming months.The changes stem from concerns over consumer harm in the motor and homerenewals markets but their impact is far wider. Emma Radmore examinesthe background to the reforms and what the new rules require.
Online Published Date:
11 October 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
SMCR extends to cover financial market infrastructures
The Financial Stability Report of 2019 made a strong case for expanding the Senior Managers and Certification Regime to financial market infrastructures, so as to enhance the accountability of individuals and improve governance at these systemically important firms. Charlotte Hill and Jessica Howard report on the current consultation and what affected entities should be doing.
Online Published Date:
11 October 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
Barclays’ settlement in loan mis-selling case highlights power of group litigation
Consumers who are affected by the mis-selling of financial services have several avenues open to them to achieve redress – and group litigation actions are on the increase, reports Ben Rees.
Online Published Date:
11 October 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
Blurred lines: weaknesses in retail banks’ financial crime controls
A new letter from the regulator to chief executiveson their anti-money laundering systems identifies confusion between lines ofresponsibilities, sketchy risk assessments and due diligence, flawedtransaction monitoring, as well as unclarity around SARs. Banks appear to bemore rigorous in some areas of their operations than in their financial crimecontrols, suggests Denis O’Connor.
Online Published Date:
12 October 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
SIPP mis-selling dissected by Court of Appeal
Recent financial services cases have explored the nature of ‘arranging’ in the context of pension transfer scams, while the Upper Tribunal has questioned the regulator’s approach to non-financial misconduct, reports Adam Samuel.
Online Published Date:
12 October 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021
Who guards the guards?
By Timon Molloy,managing editor
Online Published Date:
13 October 2021
Appeared in issue:
Vol 34 No2 - 14 September 2021