In its Business Plan for 2024-25, the Financial Conduct Authority (FCA) has set out an ambitious programme of work for the final year of its 3-year strategy to achieve better outcomes for consumers and markets. Nikhil Rathi, Chief Executive of the FCA, said: “We’ve...
Regulation and Compliance
Regulated firms exposed to serious red flags without new business verification checksÂ
Why transforming data management to meet compliance regulations can help wealth management firms unlock wider business benefitsÂ
Investment companies deregulation: the rise of Skywalker? JB Beckett analyses talk of reform to sector regulation
Lifetime Allowance: How the transitional tax-free amount certificate can make a big difference
As we approach the new tax year, Justin Corliss, Senior Pensions Development Manager at Royal London, explores the upcoming changes to the Lifetime Allowance regime and how this impacts high earners, especially those with NHS and other public sector pension benefits....
TISA Calls for The FCA to Radically Reconsider the Purpose and Function of Disclosure – Women Most Affected
New research from The Investing and Saving Alliance (TISA) and The University of Nottingham has underscored the need for a radical transformation in financial communications to empower people to invest, particularly women. The findings highlight the barriers posed by...
All roads lead to data – Moneyhub gives full support to ‘game changing’ FCA Advice Guidance Boundary Review proposalsÂ
Moneyhub has submitted its response to the Financial Conduct Authority’s (FCA’s) Advice Guidance Boundary Review proposals (DP23/5). The FCA’s proposals seek to bridge the ‘Advice Gap’ which has resulted in just 8% of adults* reportedly taking financial advice,...
Sign up to the IFA Magazine Newsletter
Financial regulator finds wholesale data market can be improvedÂ
The Financial Conduct Authority (FCA) has today published the findings of its wholesale data market study, which examined competition in...
Aegon backs Advice Guidance Boundary Review targeted support proposals
Responding to the Treasury / FCA Discussion Paper on the Advice Guidance Boundary Review (which closes today), Aegon has put its backing...
SJP welcomes the FCA and HM Treasury consultation paper on the future of targeted support and simplified advice
St. James’s Place (SJP) welcomes the FCA and HM Treasury consultation on the ‘Advice Guidance Boundary Review’ to address the widening...
PIMFA raises concerns about proposed public announcements of potential enforcement action against firms by FCA
In a statement released this afternoon, PIMFA has raised serious concerns about the impact of making public possible enforcement against...
PFS launches new Proficiency+ Consumer Duty competence diagnostic tool
PFS announces new tool and tests to allow firms to identify training opportunities in line with Consumer Duty Today the Personal Finance...
FCA requests information from firms about delivery of their ongoing advice services and the Consumer Duty
The Financial Conduct Authority (FCA) is today writing to a number of financial adviser firms requesting information about their delivery...
Financial watchdog stops thousands of misleading ads and promotions
Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the Financial Conduct...
Compliance expert, Adam Samuel, releases pocket-sized guide to compliance for financial professionals
With the publication of his latest book, snappily entitled "Compliance – A Short Book", Adam Samuel has delivered (arguably) what is the...
Compliance expert states HSBC’s ‘reckless approach’ may have led to £57m fine
HSBC has been fined more than £57m by the Bank of England's Prudential Regulation Authority (PRA) for failing to protect consumer deposits...
AML compliance failures are rife in the UK – SmartSearch’s new report and damning figuresÂ
An analysis of more than 1,600 ‘anti-money laundering (AML) events’ recorded across the UK in the last decade shows money laundering is...
Labour puts pensions, guidance and ISA reform front-and-centre of financial services agenda in its ‘Financing Growth’ plan
Today's announcement by Labour of it's first ever plan for financial services, entitled 'Financing Growth'. As part of it's plan, the...
Regulated firms at breaking point amid increased regulatory burden and budget pressures
Firms must relinquish outdated and time-consuming compliance processes in light of tighter budgets and increasing regulatory burden,...
IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.