Yes, it probably is. Previous versions of the regulator thought the same. So much easier to have...
FCA
“FOS redundancy total could swell as axe falls across organisation”
The Financial Ombudsman Service (FOS to us) is getting a roasting. They’ve a huge backlog and are...
“L&G told to compensate client over investment advice given 25 years ago”
I bought this car in 1997. I sold it in 2003, but I was never really happy with it, the seats gave...
“FCA warns young investors taking on too much risk”
It’s generally true that younger clients are happier to take more risk, young, to us sadly, being...
“Treasury to hand FCA big new regulatory mandate”
So the FCA is going to be asked to ‘reduce burdens for firms whilst maintaining high standards of...
“Insiders describe FCA’s post-Woodford ACD probe as ‘shambolic’”
Had a very frustrating morning. Password wouldn’t work on a website I had to get into, and I...
“FCA publishes details for regulated funeral care advice”
Whenever I’ve been asked about these things, I’ve said ‘avoid’. Those who can afford them don’t...
“FCA eyes crackdown on buy now, pay later firms”
Whenever you Amazon or Paypal anything (no parents-ask-your-kids here, we’re all at it now),...
“Advice trade body calls for reform of UK lifeboat scheme”
OK, here’s someone talking complete sense. Time and again, punters (sic) are duped into...
“World’s biggest banks ‘allowed criminals to launder dirty money'”
A frustrated fellow IFA posted the other day: ‘So, while JPM and HSBC are laundering £billions for...
‘FCA looks at sophisticated investor shake up’
The snappily-named ‘Exemptions from restrictions on the promotion of non-mainstream pooled...
“FCA steps up focus on advice firms facing collapse”
The regulator sent a survey to financial advisers asking about our ‘financial resilience’ through...
“Credit files to be affected under latest FCA mortgage proposals”
I’ve spoken to a number of people who’ve taken a mortgage payment holiday since lockdown just...
“Advisers set up action group on LinkedIn to tackle industry problems”
I know I risk an accusation of navel-gazing, but there are wider implications here. It’s admirable...
“Has the consolidation experiment failed?”
Most financial advice firms are like us, small, with at most just 3 or 4 advisers. Some, however,...