FCA calls on banks to rethink plans to shut at least 300 branches by the end of 2021 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 January 2021 | Updated: 21:50 GMT, 28 January 2021 The FCA said it was concerned that closing bank branches at this time could have ‘significant consequences’ … Read more
JEFF PRESTRIDGE: City’s regulator Financial Conduct Authority has let down ALL investors – now heads must roll By Jeff Prestridge for The Mail on Sunday Published: 21:51 GMT, 19 December 2020 | Updated: 22:23 GMT, 19 December 2020 Surely, it is time for the Government to launch a review into the workings of the City’s … Read more
FCA takes down Lanistar warning notice after the fintech firm pledges to make clear debit card marketed by influencers won’t launch until January Lanistar launched a viral marketing campaign last week to drum up interest It claimed its debit card would be the ‘world’s most secure’ The FCA warned last Wednesday it was operating without … Read more
FCA under pressure to publish review into its handling of the London Capital & Finance savings scandal By Lucy White For The Daily Mail Published: 22:20 GMT, 24 November 2020 | Updated: 22:20 GMT, 24 November 2020 The City watchdog is under pressure to publish a long-awaited review into its handling of the London Capital … Read more
A fintech start-up which paid more than 3,000 influencers including Premier League footballers and Love Island stars to promote a debit card it claimed would be ‘one of the world’s most secure’ has been accused by the financial regulator of peddling its products without authorisation. The Financial Conduct Authority issued a warning about Lanistar, which … Read more
FCA launches investigation around Rolls-Royce pension transfers to find ‘evidence of poor advice’ By City & Finance Reporter for the Daily Mail Published: 22:39, 28 October 2020 | Updated: 22:41, 28 October 2020 Watchdogs are investigating whether a slew of departing RollsRoyce staff have received shoddy advice around their pensions Watchdogs are investigating whether a … Read more
FCA launches crackdown on rogue advisers: Two-year campaign aims to stop investment scams and excessive fees By Matt Oliver For The Daily Mail Published: 21:51 BST, 10 August 2020 | Updated: 21:51 BST, 10 August 2020 More than 100 financial advice firms are being investigated by the City watchdog as part of a sector-wide crackdown, … Read more
Regulators are pressing workplace pension schemes to scrutinise costs more closely to ensure staff are not over-charged. They propose tightening up rules on assessing value for money, including laying down standardised tests on charges and costs, investment performance and quality of service. Some independent governance committees, which are meant to represent the interests of people … Read more
Outsider chosen to run City watchdog – with interim boss Chris Woolard shunned by the Treasury By Lucy White For The Daily Mail Published: 21:56 BST, 22 June 2020 | Updated: 22:05 BST, 22 June 2020 An outsider has been chosen to run the City watchdog – with interim boss Chris Woolard shunned by the … Read more
City watchdog bans promotion of speculative mini-bonds for good, amid fears investors don’t grasp the risks Mass-marketing of mini-bonds first banned in January, ahead of Isa season They involve buying company debt for a set period in exchange for interest Watchdogs fear investors don’t understand the risks and can’t afford the potential losses they face … Read more