Regulation

The Financial Services Consumer Panel (FSCP) is calling on the regulator to implement "radical, structural reform" of how fund charges are disclosed to investors. But not all are in agreement. Industry figures reveal their view.

The Financial Conduct Authority (FCA) plans to cut the adviser guidance guarantee levy by 50% and has announced tougher standards on the bodies tasked with delivering guidance to the public.

The government's Equitable Life Payments Scheme (ELPS) has now issued over £990.5m worth of payments.

The number of financial advisers has risen slightly since the implementation of the Retail Distribution Review (RDR), although there has been a dip this year, according to new FCA figures.

Banking regulators in Jersey have warned consumers and investors not to deal with a bank claiming to operate in the Channel Islands.

After the forex fine

The Financial Conduct Authority (FCA) is reluctant to provide further guidance on key advisory issues on which it has already offered direction, suggesting it would not be helpful.

Financial Conduct Authority (FCA) technical specialist Rory Percival has said too many regulatory requirements concerning what charges need to be disclosed on investment and savings products make it difficult for advisers to compare costs.

Regulators have fined the Royal Bank of Scotland (RBS), NatWest and Ulster Bank £56m for IT failures which meant customers could not access banking services.

Kames Capital chief executive Martin Davis has hit out at a recent Consumer Panel report that was highly critical of the structure of fund charges as "over-simplistic" and another "rant".