Credit card firm to pay refunds over unfair charges
London-based credit card firm NewDay (which was formerly known as SAV Credit) is to pay refunds totalling more than £4 million to [...]
30
03, 2016
28
03, 2016
Hire purchase retailer to pay redress after FCA finds issues with its treatment of customers and credit checks
Hire purchase retailer Dunraven Finance Ltd, that trades as Buy As You View (BAYV), is to pay £939,000 in compensation to some [...]
24
03, 2016
CMC management to be held accountable for failings as Government proposes switch to FCA regulation
The Government has confirmed it intends to bring claims management companies (CMCs) under the Financial Conduct Authority (FCA)’s remit. This follows an [...]
22
03, 2016
Budget 2016 Review For Authorised Firms
A series of measures aimed at encouraging savings were announced by the Chancellor of the Exchequer, George Osborne MP, in the 2016 [...]
18
03, 2016
FAMR published – proposes new definition of regulated advice and extended trainee adviser periods but rejects long stop, return to commission and allowing Level 3 qualifications for investment advice
The Financial Advice Market Review (FAMR) has made 28 recommendations for changes to the financial services marketplace. The primary aim of the [...]
16
03, 2016
FCA to publish insurers’ claim statistics
The Financial Conduct Authority (FCA) is to conduct a pilot scheme in summer 2016 where it will publish information on its website [...]
14
03, 2016
Debt manager has application refused over suitability of advice and resources issues – largest firm to date not to have their interim permission upgraded
Stockport-based debt management firm PDHL Ltd has been stripped of its interim permission by the Financial Conduct Authority (FCA), and had its [...]
9
03, 2016
FOS adjudication highlights need for advisers to review clients’ entire portfolios
A recent judgement from the Financial Ombudsman Service (FOS) has highlighted the importance of financial advisers reviewing a client’s entire portfolio on [...]
8
03, 2016
Citizens Advice survey reveals consumers are struggling with pension jargon
Information supplied by consumer advice organisation Citizens Advice (CitA) has highlighted the importance of advisers communicating to their clients in plain English. [...]
7
03, 2016
Consumer financial website makes known its opposition to PPI time bar
Consumer financial website Moneysavingexpert.com has responded to the Financial Conduct Authority (FCA) consultation on payment protection insurance (PPI), and has referred to [...]