FCA

The Financial Conduct Authority has taken control of the consumer credit industry from today promising tough rules for short-term high-cost credit firms and debt management companies.

Financial advisory businesses will contribute £68m to the Financial Conduct Authority's funding requirement for 2014-2015, a near-19% reduction on last year following a re-working of the regulator's fee blocks.

Advisers will find it difficult to develop much-needed cheaper advice models until the Financial Conduct Authority (FCA) lowers its costs, the Association of Professional Financial Advisers (APFA) has said.

The Financial Conduct Authority (FCA) is to investigate about 30 million insurance company policies over concerns that customers are subject to "unfair" conditions.

A thematic review by the Financial Conduct Authority (FCA) has found most advisory firms describing their service as ‘independent' appeared to use the description accurately.

Providers purchasing tables at awards ceremonies and inviting advisers to sit on them will likely not be in breach of the Financial Conduct Authority's (FCA's) requirements on inducements, it has confirmed.

The Financial Conduct Authority is to carry out an in-depth review of the way payday lenders treat struggling customers when it takes over regulation of the sector on 1 April.

A new regulator to oversee UK payment systems will be introduced by April 2015.

All the major retail banks and most medium-sized and smaller firms have made "significant" changes to their sales incentive schemes, but concerns over enticements linked to bank investment and protection sales remain, the Financial Conduct Authority (FCA)...

Chris Smallwood, the chief executive of Openwork-owned national IFA 2plan, has called on the regulator to crack down on what he said were 'misleading' terms used by some restricted advice firms to describe their services.