Search ResultsShowing 1 - 10 of 53 results for "FCA"
UK regulator fined for pension failure
HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... 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 for ...
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
... 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, carried ...
UK insurer fined for annuity sales failings
ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... sales of non-advised annuities that occurred between July 2008 and September 2017 to existing Prudential pension holders. FCA's executive director of enforcement and market oversight Mark Steward said: "These are very serious breaches that caused harm ...
Research budgets shrink at UK asset managers
KANIKA SOOD  |  FRIDAY, 20 SEP 2019
... equities funds in the first six months of 2018 after MiFID II forced them to reconsider their research arrangements. The FCA said the reforms have forced portfolio managers to fund research out of their own revenues instead of passing them on to clients. ...
Standard Life Assurance fined for hawking non-advised annuities
KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... get financial advice. Nearly 22% of sales staff received more than 100% of their base salary in bonus payments, leading the FCA to believe call handlers would place their own financial interests ahead of the customer. The firm failed to provide some ...
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