Tag: fca

HM Treasury has announced that they have started the search for the next Chair of the FCA. While the search for Charles Randell’s permanent successor concludes, Richard Lloyd OBE will act as interim chair of the FCA from 1 June 2022. Aidene Walsh will act as interim chair of the PSR from 1 April 2022. Richard […]

Corporate & Professional Pensions Limited (Corporate & Professional), is a SIPP operator authorised and regulated by the FCA. On 1 February 2022 the directors appointed Adam Stevens and Nick Myers of Smith & Williamson LLP as joint administrators (administrators). The administrators are qualified insolvency practitioners. We set out the steps Corporate & Professional’s clients should […]

We have removed permissions from Falcon Financial Solutions Ltd and Thestral Financial Services Ltd. They are no longer permitted to carry out any regulated activities. Any investments with Falcon or Thestral may not be protected, and you could lose all your money if you invest with them. We explain what this means for customers. Falcon […]

The Financial Conduct Authority (FCA) has appointed Direct Line Group CEO, Penny James, as Chair of its Practitioner Panel.  Penny, who has been a member of the Panel since September 2020, will take up the post from 1 March 2022. She succeeds Paul Feeney, CEO of Quilter.   The FCA Practitioner Panel is an independent statutory […]

In letters to the chief executives of insurance firms and brokers, we have today outlined work we are carrying out in the insurance market for multiple-occupancy residential buildings. We have also responded to a letter from the Department for Levelling Up, Housing and Communities (DLUHC) on this issue. Although insurance premiums are just one aspect […]

All Flintshire Credit Union Limited was placed into administration on 25 January 2022 and has now stopped trading. James Sleight and Peter Hart of PKF GM have been appointed as administrators. All Flintshire Credit Union is a financial co-operative owned by its members. It is regulated by the Prudential Regulation Authority (PRA) and the Financial […]

Firms using company or insolvency law to manage their liabilities have been warned they could face assertive action by the FCA if their proposals unfairly benefit them at the expense of their customers. The FCA has seen an increase in the number of firms developing proposals, such as Scheme of Arrangements, to deal with significant […]

Home News FCA review finds evidence of growing competition in retail banking Press Releases First published: 20/01/2022 Last updated: 20/01/2022 Greater competition in retail banking is driving choice and lower prices for consumers and small businesses, despite the financial impact of the pandemic. In an update to its 2018 strategic review of retail banking, the […]

The FCA is acting to address concerns about the ease and speed with which people can make high-risk investments by proposing a significant strengthening of its rules on how high-risk financial products are marketed.  This is a central element of the FCA’s Consumer Investments Strategy, published in September 2021, which aims to give consumers the confidence […]

European firms wishing to remain in the temporary permissions regime (TPR) need to meet the FCA’s standards to continue operating in the UK. The regime was designed to ensure that European firms operating in the UK via a passport when the Brexit transition period ended could continue operating temporarily while they seek full authorisation in the UK. The TPR should only be used by firms who want to operate in the UK in the long-term and meet the standards to do so. […]