The Financial Conduct Authority (FCA) has announced proposals to make permanent its ban on the mass-marketing of speculative illiquid securities, including speculative mini-bonds, to retail investors. The FCA introduced the ban without consultation in January following concerns that speculative mini
Firms must do more to ensure they are always giving appropriate advice to equity release consumers, a review conducted by the Financial Conduct Authority (FCA) has found.
The Financial Reporting Council (FRC) ) has issued imposed non-financial sanctions on KPMG in relation to the statutory audits of the financial statements of Foresight 4 VCT plc. The sanctions have been imposed for the KPMG's audits of the company for the 2012/2013, 2013/2014 and 2014/2015 financial
The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business a total of £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears.
The Financial Conduct Authority (FCA) has set out a package of measures designed to address weaknesses across the defined benefit (DB) transfer market. It includes steps to reduce conflicts of interest by banning contingent charging, as well as help for advisers who want to do the right thing and pr
The Financial Conduct Authority (FCA) has said that insurance firms must consider the impact of coronavirus when assessing the value of their insurance products. The guidance sets out what the FCA considers firms should be doing to identify any material issues that affect the value of the gener
The Financial Conduct Authority (FCA) has confirmed that holiday payments for mortgage customers will be extended until the end of October this year in a bid to combat the financial impacts of the coronavirus crisis. The FCA has confirmed that customers still experiencing temporary payment dif
The Financial Conduct Authority (FCA) has provided an update on progress on its court action on business interruption (BI) insurance policies. Since the FCA made its last announcement on 1 May, the FCA has approached 56 insurers and reviewed over 500 relevant policies from 40 insurers. The watchdog
The Financial Reporting Council (FRC) has today completed its annual review of FRS 101 Reduced Disclosure Framework and made minor amendments, for consistency, to the disclosure exemptions relating to the statement of cash flows. The FRC has also issued FRED 74 Draft amendments to FRS 102 – In
The Financial Reporting Council (FRC) has launched an investigation into KPMG and PwC over the audits of Eddie Stobart Logistics plc.
The Financial Conduct Authority (FCA) has launched a consultation on additional guidance for payments firms to strengthen the way in which they look after customers’ money. The payments sector is a priority area for the FCA and the consultation follows ongoing work to ensure payments firms are
The Financial Conduct Authority (FCA) has announced proposals which will continue support for customers who are struggling to pay their mortgage due to the coronavirus pandemic.
The Financial Reporting Council (FRC) has announced that Simon Dingemans will step down as chair of the council at the end of May. The FRC has said that as the role was a part-time position, it was agreed as part of his appointment process that Simon Dingemans could take on additional roles provided
FCA confirms measures to help insurance customers suffering financial difficulties due to coronavirus
The Financial Conduct Authority (FCA) is confirming a series of temporary measures today to help customers who hold insurance and premium finance products and who may be in financial difficulty because of coronavirus. Following a short consultation, the targeted measures being implemented require fi
The Financial Reporting Council (FRC) is encouraging firms to make use of the extension announced by the Financial Conduct Authority (FCA) to the deadline for publication of audited annual financial reports from four to six months from the end of the financial year. The body said that companies