Tag: fca

Home News FCA to open Leeds office in September with 100 new jobs The Financial Conduct Authority (FCA) will be recruiting to fill more than 100 new roles based in Leeds. The FCA is opening an office in the city later this year and has signed a deal for premises at 6 Queen Street in […]

The FCA has finalised stronger rules to help tackle misleading adverts that encourage investing in high-risk products.  Under the stronger rules, firms approving and issuing marketing must have appropriate expertise, and firms marketing some types of high-risk investments will need to conduct better checks to ensure consumers and their investments are well matched.  Firms also […]

Hartley Pensions Limited (Hartley Pensions), is a Self-Invested Personal Pension (SIPP) operator authorised and regulated by the Financial Conduct Authority (FCA). It also provides administration for a small number of Small Self-Administered Schemes (SSAS), regulated by the Pensions Regulator. On 29 July 2022 the directors of Hartley Pensions placed it into administration at the request […]

From today, the FCA will regulate pre-paid funeral plans, following legislation passed by Parliament. The FCA is authorising 26 providers. Together these firms hold approximately 1.6 million plans, which make up 87% of the market. Regulation of the sector will bring higher standards and boost consumer protection. New rules, which take effect from today, include: […]

The three individuals have referred their respective Decision Notices to the Upper Tribunal where they will each present their case. Any findings in the individuals’ Decision Notices are therefore provisional and reflect the FCA’s belief as to what occurred and how it considers their behaviour should be characterised. Carillion has not referred its Decision Notice […]

The FCA has issued a Decision Notice to One Life Funeral Planning Ltd (One Life) refusing the firm’s application for authorisation. One Life could not demonstrate that it was able to meet or comply with the FCA’s regulatory standards. The concerns included the firm having poor sales practices.   One Life has until 31 October to […]

The Financial Conduct Authority (FCA) has confirmed its plans to bring in a new Consumer Duty, which will fundamentally improve how firms serve consumers. It will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first. The Duty is made up of an overarching principle […]

The FCA has brought two contempt of court applications before Southwark Crown Court regarding ten breaches by an individual of a restraint order obtained under the Proceeds of Crime Act 2002. The restraint order is in place to protect any assets the individual may have an interest in (whether the proceeds of crime or otherwise) […]

Bristol Memorial Woodlands FP (approximately 250 plans) Firm did not apply for authorisation. We have notified it that it cannot issue new plans or administer existing plans beyond 29 July 2022. You should have heard from the firm about obtaining a refund. If you have not heard, contact the firm: C/O Memorial Woodlands Earthcott Green, […]

The Bank of England (the Bank), Prudential Regulation Authority (PRA) and FCA (collectively the ‘supervisory authorities’) have set out potential measures to oversee and strengthen the resilience of services provided by critical third parties (CTPs) to the UK financial sector.  CTPs provide certain services to regulated financial services firms and financial market infrastructure firms (‘FMIs’) […]