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Search ResultsShowing 1 - 10 of 62 results for "FCA"
Three advisers banned for non-financial crimes
ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
The UK's Financial Conduct Authority (FCA) has banned three people from working in financial services due to sex offences they had committed. The FCA's decision to ban the three individuals comes after Megan Butler, executive director of supervision ...
FCA reviews regulation of foreign financial services firms
KARREN VERGARA  |  FRIDAY, 25 SEP 2020
... should authorise and supervise foreign firms providing financial services in the UK as the Brexit transition period ends. The FCA announced it launched the consultation process in anticipating an increase in the number of international firms seeking ...
Platform cancels top 50 funds list
ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... the Hargreaves Lansdown platform. Possibly contributing to the platform's decision to axe the top 50 list, in February the FCA wrote to chief executives of platforms about conflicts of interest. "Firms operating Best Buy lists must construct them impartially ...
UK regulator fined for pension failure
HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... include sufficient information in a chair's statement to members of its staff pension plan. The Financial Conduct Authority (FCA) has been fined £2000 by UK pension scheme authority, The Pension Regulator (TPR). A list of enforcement activities ...
UK pension fund expands offering, climate risk policy
JAMIE WILLIAMSON  |  TUESDAY, 7 JAN 2020
... posed by climate change. Nest Invest, the investment subsidiary of pension fund Nest, has received authorisation from the FCA to operate an Occupational Pension Scheme. An OPS undertakes investment management on behalf of a trustee or pension scheme ...
YouTube fundie name erased from flagship
ELIZABETH MCARTHUR  |  TUESDAY, 17 DEC 2019
... sample (or vertical slice) of those assets or the time period needed for a sale which avoids a material price discount," the FCA said. "In the US, the Securities and Exchange Commission has recently adopted measures of liquidity based on this concept." ...
Chief executive banned for paying wife
ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... the remuneration committee had agreed to his wife's payment increases. But in fact, it had only agreed to his salary. The FCA explained what followed: "In late 2015, after internal concerns were raised about Mrs Forsyth's remuneration, Mr Forsyth inappropriately ...
Pensioners lose decades of savings in 24 hours
ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... victims of pension scams lost in 2018. It would take an ordinary working saver 22 years to amass that amount, according to the FCA. Despite the significant cost of scams, 24% of people surveyed admitted to deciding on a pension offer within less than ...
YouTube fundie ousted, flagship fund to be wound up
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... possible. This will be done by means of a number of capital distributions made to all investors in the fund," it said. The FCA continues to investigate the activities that led to the fund's suspension.
Broker fined for lavish entertainment
ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... Authority in the UK has fined Tullett Prebon £15.4 million, citing "lavish entertainment" and lack of effective controls. The FCA said Tullett Prebon, an inter-dealer broker which acts for institutional clients transacting in the wholesale markets ...
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