FCA

The Financial Conduct Authority (FCA) has fined Xcap Securities, a retail investment and capital markets business, £120,900 for failing to adequately protect client money and client assets.

If there was any need to highlight the regulatory challenge faced by wealth managers, the FSA ‘Dear CEO' letters have made the issue strikingly clear.

CONTRARIAN

There had been strong hints the new financial services regulator, the FCA, was preparing to make the right decision about whether VCTs and EIS could be sold to ordinary retail investors.

RISK ASSESSMENTS

IFA network Sesame has said it remains in a 'strong' financial position and will not increase its membership fees because of today's £6m fine for failings relating to advice given on Keydata products.

The Financial Conduct Authority (FCA) has fined Sesame Limited £6,031,200 for failures in relation to Keydata advice.

The Financial Conduct Authority (FCA) has banned the sale of unregulated collective investment schemes to ordinary retail investors.

Clive Adamson of the Financial Conduct Authority says the regulator will be pre-emptive rather than reactionary to protect consumers.

A look at what might be on the regulatory horizon for wealth managers was a story which caught our readers' attention this week.