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News by: Michelle Abrego

FCA bans two advisers over unsuitable Sipp advice

by Michelle Abrego on Apr 17, 2014 at 10:24

The Financial Conduct Authority has banned two advisers over unsuitable advice which saw them switch clients into Sipps and invest them in unregulated and high risk products such as diamonds and overseas property.

Newcastle adviser charged with fraud

by Michelle Abrego on Apr 17, 2014 at 07:59

Newcastle-based financial adviser Alok Dhanda has been charged with 13 counts of fraud.

Former Co-op Bank chair Flowers faces drug charges

by Michelle Abrego on Apr 16, 2014 at 15:37

Former Co-operative Bank chairman Paul Flowers has been charged with drug possession, according to reports.

London IFA wins High Court battle against ex-adviser

by Michelle Abrego on Apr 16, 2014 at 10:25

London-based advice firm Merlin Financial Consultants has won its legal battle against a former adviser who it allegedly breached a non-competition agreement.

FSCS recovers £44m from Keydata battle and Lifemark

by Michelle Abrego on Apr 15, 2014 at 15:59

The Financial Services Compensation Scheme has so far recovered £44 million from its legal case against advisers which sold Keydata products and from its holding in Luxembourg-based life settlement fund Lifemark.

FCA hits two insurance brokers with warning notices

by Michelle Abrego on Apr 15, 2014 at 11:07

The Financial Conduct Authority has published warning notices against two insurance brokers who failed to ensure proper controls in managing client money.

Adviser Workshop: How to advise clients on legacy products

by Michelle Abrego on Apr 15, 2014 at 09:07

Andrew Whiteley, Sheriar Bradbury and Joss Harwood make a full assessment of clients' legacy products, discussing and reviewing them before advising on a course of action.

FCA to launch consultation on providers' premium calls

by Michelle Abrego on Apr 14, 2014 at 15:20

The Financial Conduct Authority is set to launch a consultation to stop providers charging high rates for its customer services phone lines.

Sifa eyes accreditation scheme for personal injury advisers

by Michelle Abrego on Apr 14, 2014 at 10:35

Sifa chairman Ian Muirhead is looking to form an accreditation scheme for financial advisers who specialise in personal injury work.

Budget bounce-back: providers parry the pensions revolution

by Jun Merrett, Michelle Abrego on Apr 11, 2014 at 12:27

In this year's Budget, chancellor George Osborne turned the pensions market on its head with dramatic reforms. Click through to see how providers have adapted to the government's grand plans.

FCA wins court battle against illegal land bank

by Michelle Abrego on Apr 11, 2014 at 10:12

The Financial Conduct Authority has won a court battle against an unauthorised land banking firm, with a judge ruling that the firm should pay around £20.9 million back to investors.

Bad banks and poor providers: who topped the FCA complaints list?

by Michelle Abrego on Apr 09, 2014 at 14:16

The FCA has published its complaints data for the second half of 2013. Banks, providers, and even an advice firm made an appearance. Click through to see the top 10 firms on the regulator's list.

Sajid Javid leaves Treasury role to replace Maria Miller

by Michelle Abrego on Apr 09, 2014 at 11:11

Sajid Javid has been appointed culture minister after Maria Miller resigned over an expenses scandal. He was previously financial secretary to the Treasury.

FCA sees complaints against firms fall by 15%

by Alex Steger , Michelle Abrego on Apr 09, 2014 at 09:16

Complaints against financial firms have fallen by 15% according to the Financial Conduct Authority (FCA).

Advisers back risk watchlist despite FCA’s troubles

by Michelle Abrego on Apr 09, 2014 at 08:32

Advisers have welcomed Financial Conduct Authority plans to review due diligence, the at-retirement market and in-house funds, despite its closed-book blunder.

FCA appoints Clifford Chance to review closed-book 'blunder'

by Michelle Abrego on Apr 08, 2014 at 14:37

The Financial Conduct Authority has appointed law firm Clifford Chance to conduct an independent inquiry into its announcement of its closed-book life policies review.

ABI: insurers can deliver gov't guidance guarantee

by Michelle Abrego on Apr 08, 2014 at 12:57

Insurers can deliver the government's guidance guarantee as long as there are proper impartiality controls in place, said the Association of British Insurers.

London IFA seeks £224k in damages against ex-adviser

by Michelle Abrego on Apr 08, 2014 at 10:17

London-based advice firm Merlin Financial Consultants is pursuing a former adviser for £224,000 over allegedly soliciting clients.

True Potential hires compliance and investment heads

by Michelle Abrego on Apr 08, 2014 at 09:57

True Potential has hired former Scottish Widow investment director Colin Beveridge as and ex-BlackRock compliance officer Sheriden Davy to bulk up its management team.

E&Y: FCA is losing patience with advisers over RDR

by Michelle Abrego on Apr 08, 2014 at 09:25

Firms are failing to transition from selling products to providing advice, causing the Financial Conduct Authority to lose patience with the advice profession, according to Ernst & Young.

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