FCA

The list below is a collection of articles that refer to, mention or discuss FCA.

Watchdog Orders New P2P Protection For Investors

p2p

City watchdogs have introduced a raft of new safeguards to protect peer-to-peer investors from losing money. The Financial Conduct Authority announced the measures only days after the collapse of property bridging platform Lendy, leaving investors holding £165 million of loans. The platform went into administration with a suspected £90 million of loans in default following … Read more

Watchdog Issues New Guidance For QROPS Transfers

Consumer watchdogs have issued new guidelines to UK financial advisers involved in transfers to the Qualifying Recognised Overseas Pension Scheme (QROPS). In a wide-ranging update, the Financial Conduct Authority, the organisation that regulates financial advice in the UK, has told IFAs that they must liaise with overseas IFAs when dealing with transfers to overseas pensions. … Read more

Ban And Fine Appeal In £112m Risky Pension Advice Case

A former advice firm chief executive is fighting a lifetime ban and a £230,000 fine from City watchdogs for his part in recommending unregulated investments to hundreds of pension savers. Alastair Burns is appealing the penalty imposed by the Financial Conduct Authority (FCA). His firm, TailorMade Investments (TMI), advised retirement savers on transferring pension funds … Read more