Financial Conduct Authority (FCA)
The Financial Conduct Authority is the conduct regulator for 59,000 financial services firms and financial markets in the UK and the prudential supervisor for 49,000 firms, setting specific standards for 19,000 firms.
FCA gives formal closure notice to EPLS
EPLS Risk Solutions Ltd deemed unfit to practice as it fails to submit RMAR.
Biba to form code of conduct working group
Decision follows consultation of members.
ABI’s transparency stance welcomed by brokers
Concerns raised over implementation of insurer body’s pricing clarity drive
Experts question value of FCA’s social media consultation
Regulator’s proposed #ad Twitter hashtag rule panned by the industry
ALPS launches new broker-only tools in transit product
Provider has teamed up with Ageas to create broker-exclusive policy.
FCA bans Oldbury broker
Abdul Razzaq prohibited from working in financial services industry.
IBSC consults on FCA's conflict review
Council gets to grips with what brokers are doing around conflict issues as it publishes first discussion paper.
FCA launches social media consultation
Watchdog to examine financial promotions on digital platforms.
FCA creates new general insurance director role
Regulator has increased senior management to help with "increasingly demanding agendas".
FCA will continue remedy work on add-ons
Regulator has finalised findings on market study.
‘Business as usual’ for FCA as it awaits Clifford Chance review
Watchdog will "not go into purdah" while investigation takes place.
FCA claims aggregators' focus on price is 'distracting' consumers
Watchdog review finds comparison sites are failing to meet customer expectations.
FCA boss sees salary rise to £460,000
Watchdog's annual report reveals £30,000 pay jump.
ABI calls for greater transparency on motor and home pricing
Trade body claims proposals would improve clarity for customers on motor and home insurance.
FCA levy increases for brokers and insurers
Regulator raised total funding requirement by £14.3m.
FCA bosses to forego annual bonus
Decision made due to ongoing inquiry into life insurance gaffe.
CMA calls for price cap on vehicle replacement charges
Watchdog recommends changes to aggregator clauses for private motor insurance and urges FCA to investigate add-ons further.
Endsleigh sees profit and turnover decline
Broker will not pay dividend for second year running.
RFIB unveils insolvency product for brokers
Product deals with capital reserves and managing run-off in event of insolvency.
FCA review flags up “conflicts” at intermediaries
Brokers urged to check their systems, controls and record keeping
Google being “monitored” by FCA - report
Technology giant’s price comparison service being watched as part of wider review.
Towergate made £26.6m loss in first quarter
Ebitda also tumbled at the consolidator.
No smoking gun
The Financial Conduct Authority has set tongues wagging again in the past week with the publication of its thematic review into conflicts of interest among intermediaries when dealing with SME business.
Brokers warned that FCA review could signal 'significant fines'
Lawyer states regulator did not find "smoking gun" in review.