Regulatory: FCA Changes Rules on Car Dealer Finance Commission
The Financial Conduct Authority (FCA) has today announced plans to ban the way in which some car retailers, and other brokers in the motor finance sector, receive commission. [...]
FCA
FCA Gives Tullett Prebon a £15m Slap for Breaching Rules
The Financial Conduct Authority (FCA) has fined Tullett Prebon (Europe) Limited (Tullett Prebon) £15.4 million for failing to conduct its business with due skill, care and [...]
FCA Report on Insurance Pricing – Where is The Loyalty Bonus?
The FCA has today published the interim report of its market study into the pricing of home and motor insurance. The FCA found that competition is not working well for all [...]
Pension Sale Regulation: FCA Dishes Out £23m Fine to The Pru
The Financial Conduct Authority (FCA) has today fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of [...]
Regulatory: Altus Creates Vulnerable Customer Assessment Tool
Financial Services software provider and consultancy services Altus announces today the launch of a tool to help financial services firms assess their capability in [...]
FCA CEO Offers Update on Brexit Preparations & Regulations
Andrew Bailey, CEO of the FCA is giving a speech today at Bloomberg on the subject of preparations for Brexit. Here are some extracts from the draft; “At the heart of [...]
Regulatory: FCA Steps Up Efforts to Prep Insurers for Possible Brexit
The Financial Conduct Authority (FCA) is stepping up its efforts to ensure firms are aware of what they need to do prepare for the potential of a no-deal Brexit. Firms [...]
Richard Baldwin Money Laundering Trial: Sentenced in Absence
Latest news from the FCA: On 3 September 2019, at Southwark Crown Court, His Honour Judge Hehir sentenced Mr Richard Baldwin to a total of 5 years and 8 months’ [...]