Nausicaa Delfas will be the new interim chief executive and interim chief ombudsman of the Financial Ombudsman Service. Next month, Ms Delfas will leave the Financial Conduct Authority, where she is currently chief operating officer and head of international affairs. At the FCA, she was closely involved in the commencement of consumer credit regulation in 2014, and more recently, she has overseen the Brexit transition process.
Scott Robert Compliance Ltd will help and support all Funeral Plan providers with support and compliance guidance to be Application ready for the dates of submission. We provide policy and implementation guidance as well as Staff training.
The Financial Conduct Authority has published a statement highlighting some issues relating to the way claims management companies handle complaints relating to high-cost lending. Complaints about many areas of consumer credit have risen sharply in recent months, and one of the possible reasons for this is increased CMC activity in this area.
New research from charity the Money Advice Trust estimates that as many as 10.2 million UK adults are worried that their finances will never recover from the impact of Covid-19.
Does your firm require assistance with reviewing its financial promotions? Could you benefit from any compliance support? If so, please contact Scott Robert on 0161 914 5727.
The Financial Conduct Authority has once again acted to ban an individual as a result of misconduct which was not related to his role in financial services. The Surrey-based independent financial adviser will be banned from carrying out any regulated activity, unless he is successful in his appeal to the Upper Tribunal. He is currently the sole director of his firm and holds the SMF3 (Executive Director), SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting Officer) roles.
FCA reminds firms of their continuing obligations as mortgage payment deferral application period ends
The March 31 deadline for applying for a payment holiday on a mortgage, loan or other arrangement under the Financial Conduct Authority’s Covid-19 special measures has now passed. However, the FCA wishes to stress to firms that they still have an obligation to provide what it calls ‘tailored support’ to anyone who has been financially affected by coronavirus and who continues to require assistance with their repayment schedule.
A number of parliamentarians and other figures gave their take on the current state of the credit sector at the Parliamentary Briefing hosted by Credit Strategy magazine.
A major doorstep lender has announced that it is under investigation by the Financial Conduct Authority, with the regulator’s major area of concern said to centre around the firm’s affordability checks. It is reported that the regulator’s investigation is unlikely to conclude until early next year.