The Financial Conduct Authority has today fined Lloyds Banking Group’s general insurance arm nearly £91m for false promises on renewal premiums over an eight year period.
The FCA and other regulators may set diversity targets in future for regulated firms.
Wealth management trade association PIMFA has called for the Financial Conduct Authority (FCA) to come forward with tangible, tested proposals to introduce friction into the consumer journey with respect to financial promotions.
The Financial Conduct Authority (FCA) said its review of fund managers found that most were falling short on assessing the value of their funds.
The FCA will ban commissions on funeral plans from 29 July 2022 when it begins to regulate the funeral plans market for the first time.
The FCA is consulting on plans to boost the number of listed companies and IPOs (initial public offerings) in the UK to encourage new investment and provide a wider choice for investors.
The Financial Conduct Authority is to order "significantly" higher standards at some 'host' Authorised Fund Managers (AFMs) where it has identified weaknesses.
The FCA has fined claims management company Crosfill & Archer Claims Limited £110,000 for making cold calls.
The FCA has recruited two experienced lawyers who worked at City law firm Freshfields for senior roles following the exit of its general counsel Sean Martin.
The FCA will introduce a general ban on authorised firms approving financial promotions from unauthorised firms without special permission, the Treasury announced today.
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