FCA

The Financial Conduct Authority (FCA) has fined Clydesdale Bank (Clydesdale) £8.9m for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

The FCA has found evidence of life insurers having inducements in place that could influence advisers, ‘undermining the objectives of RDR', and is to consult on new guidance.

An adviser has hit out about the lack of understanding surrounding the value of advice post-Retail Distribution Review (RDR), claiming that the regulator should have done more to inform people.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has admitted to concerns about some of the effects the Retail Distribution Review (RDR) has had on the adviser community, and said the regulator will look into the reduction...

The Financial Conduct Authority (FCA) has reached an agreement with insurance provider Card Protection Plan (CPP) and 13 high street banks and credit card issuers which will result in a £1.3bn redress scheme for people mis-sold CPP's Card Protection and...

The number of financial advisers operating in the UK has risen slightly in the first half of the year, according to figures from the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) is concerned about execution-only, or non-advised, sales and the commission payments that such transactions are still allowed to collect.

The Financial Conduct Authority (FCA) has cancelled the permissions of insurance and mortgage broker Goldthorn Mortgage & Insurance Services following the liquidation of the company.

The Financial Conduct Authority (FCA) has appointed four directors to lead key areas of its supervision division, with Nick Poyntz-Wright heading up its long term savings & pensions unit which includes oversight of wealth management services and investment...

As the Care and Support Bill prepares for the House of Lords, Paul Robertson meets Partnership mananging director Chris Horlick for an update.