More than four in five Financial Planners (84%) expect assets under management and advice to rise this year, according to a survey.
There was a distinct whiff of change in the regulatory air this week with the FCA rapidly jettisoning plans which would have seen more rules and regulations added to its handbook.
The FCA is moving swiftly to cut red tape to support growth in financial services, FCA chief executive Nikhil Rathi told delegates at an event today.
The FCA has cancelled the part 4A regulatory permissions of Bromley-based firm HLU Ltd (FRN: 938123).
The Financial Conduct Authority’s review of ongoing advice data from 22 of the largest financial advice firms has found that suitability reviews were carried out in the vast majority of cases.
The FCA has defended its plans to delete emails after one year and denies it is trying to hide evidence and avoid scrutiny.
The House of Lords has called on the FCA to halt its plans to push forward with 'naming and shaming' firms facing investigations.
The FCA has fined investment provider Infinox Capital Limited £99,200 for failing to submit 46,053 transaction reports.
Chancellor Rachel Reeves has urged Britain’s regulators to “tear down” barriers to promote business growth.
Prime Minister Sir Keir Starmer has called on key regulators, including the FCA, to do all they can to push reforms for growth in their sectors.
The FCA has revoked the regulatory permissions of Lincolnshire financial adviser firm John Cotton (FRN: 136224) for non payment of fees.
The FCA has cancelled the Part 4A permission to carry out regulated business of West Yorkshire-based IFA McLean’s (FRN: 146450).
A focus on how the FCA can support early and high growth firms will form the cornerstone of the FCA’s strategy between 2025 and 2030, according to CEO Nikhil Rathi.
The Pensions Regulator (TPR) is to shift to a more prudential-style of regulation to protect savers from systemic risk.
The FCA plans to give firms subject to enforcement investigations a 48 hour window to view the contents of any announcements before they are made public.
The number of whistleblowing reports rose by 15% (year-on-year) to 322 in the third quarter of this year.
The firm-facing requirements of the MiFID regulations are to be transferred into FCA Handbook rules next year.
The FCA’s upcoming advice guidance proposals will focus on helping consumers understand their choices around pensions, according to the regulator’s chief operating officer Emily Shepperd.
The FCA has published an indicative roadmap of key dates for the development and introduction of the UK’s crypto regime as new research revealed crypto ownership has risen 20%.
It’s no secret that the FCA has come in for flak over it’s naming and shaming enforcement plans and it’s no surprise it has decided to dilute them as a result. But should it be backing off?
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