The Financial Conduct Authority has confirmed an outright ban on a former firm director. He will now be unable to carry out any role within an authorised firm.
LIBF Holds Webinar On Current Risk Issues
Financial services qualifications provider the London Institute of Business Finance held a recent webinar entitled ‘What will keep you up tomorrow night?’, which examined the concerns financial firms might be facing in the current environment.
FCA Issues Data From Retail Intermediary Market
The Financial Conduct Authority has published data on the current state of the retail intermediary market, using data submitted by advisory firms in their 2020 Retail Mediation Activities Returns.
FCA Plans To Ban Mortgage Firm Director
The Financial Conduct Authority has announced a range of sanctions against the director of a mortgage broker over his alleged failure to effectively oversee the activities of his firm. The individual has announced that he intends to appeal the FCA’s decision to the Tribunal.
Personal Finance Website Warns About Growth of BNPL Arrangements
Personal finance website Money.co.uk has published its annual ‘Shop Now, Stress Later’ report. The title is a play on words inspired by Buy Now, Pay Later arrangements, because the website wishes to highlight its concerns about this sector.
Trade Association Encourages Firms To Address Home Working Risks
The Government officially dropped its instruction to employees to work from home where possible on July 19. However, at the press conference to announce the end of most of the Covid-19 restrictions, the Prime Minister and the medical experts advised employers to allow a “gradual return”, with Boris Johnson saying:
Minister Speaks About Progress On Women In Finance Charter
John Glen MP, Economic Secretary to the Treasury, spoke to the City & Financial Global Women in Finance Summit on July 8 about the drive to get more women into senior positions within financial services firms.
FCA Takes Action Against Debt Packagers
Debt packagers are firms that provide advice to consumers about how to deal with their debts and often refer them to Insolvency Practitioners or Debt Management firms. This article is therefore relevant to debt packagers and those who accept referrals from them.
Studies Show Factors Hampering Pension Saving
Research suggests many different factors are impacting on consumers’ efforts to accumulate sufficient pension savings.
FCA Fines Bank For Misleading Communications
A recent enforcement case highlights the importance of firms sending clear, fair and not misleading communications.