FCA

The Financial Conduct Authority (FCA) has launched enforcement action against at least one small firm for failing to handle payment protection insurance (PPI) claims properly, after it found "serious problems" at two thirds of the firms it reviewed.

CONTRARIAN

The Financial Conduct Authority (FCA) is preparing to enforce new absolute return disclosure requirements but has opted not to implement the more stringent proposals some had recommended.

Partnership Life Assurance Company, part of the Partnership Assurance Group, has confirmed it is the subject of a Financial Conduct Authority (FCA) investigation into potentially unsuitable distribution agreements with advisory firms.

The Financial Conduct Authority (FCA) is not seeking to pile more pressure on adviser firms already under financial strain by investigating payments they may receive from providers, its director responsible for supervising advisers said.

The Financial Conduct Authority (FCA) has fined AXA Wealth Services £1,802,200 for failing to ensure it gave suitable investment advice to its customers.

Wrap platform Novia has said it will no longer accept cash rebates on new or legacy business from April 2014.

The Financial Conduct Authority (FCA) has confirmed for the first time it has joined an international probe into the alleged rigging of the multi-trillion dollar interest rate derivatives market.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said he wants the regulator's legacy to reflect it ensured wrongdoers "faced the full consequences" of their actions.

Martin Wheatley, the chief executive of the FCA, has admitted to concerns about some of the effects of the RDR on the adviser community, and said the regulator will look into the reduction in the supply of advice for lower earning customers.