Regulatory

The Financial Conduct Authority (FCA) has fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of annuities. Between July 2008 and September 2017, Prudential’s non-advised annuity business focused on selling annuities directly

The Financial Reporting Council (FRC) has strengthened its Going Concern audit standard. The FRC revised its Going Concern standard in response to recent enforcement cases and well-publicised corporate failures where the auditor’s report failed to highlight concerns about the prospects of enti

The Financial Reporting Council (FRC) has today initiated an investigation into the audit conducted by EY of the financial statements of Thomas Cook Group Plc for the year ended 20 September 2018.

The Financial Conduct Authority (FCA) has confirmed new rules which apply to certain types of open-ended fund investing in inherently illiquid assets such as property. The new rules apply to these funds, known as non-UCITS retail schemes (NURSs), but will not apply to other types of fund, such as UC

Chartered Accountancy firm Wylie & Bisset has welcomed the Debt Arrangement Scheme reforms, which it says will improve accessibility and streamline bureaucracy. A formal Scottish debt solution allowing individuals struggling with debt to repay it back over a longer period, the Debt Arrangem

Bosses at Goals Soccer Centre, the five-a-side football pitch provider, have admitted that the £12 million blanks in their accounts could be much higher.

The Financial Reporting Council (FRC) has today published its latest list of companies whose reports and accounts have been reviewed. The companies reports and accounts have been reviewed by the FRC's Corporate Reporting Review function.

The independent investigation into the approach to, implementation and oversight of the Connaught Income Fund is now up and running and is inviting affected individuals to get in touch. The Financial Conduct Authority (FCA) board committed to a review into the Connaught Fund in 2016,

The Financial Conduct Authority (FCA) has updated and published draft directions under its Temporary Transitional Power (TTP). The TTP gives the FCA flexibility in applying post-Brexit requirements, allowing firms to transition to a new UK regulatory framework.

Transparency reporting by accountancy firms performing audits is currently ineffective, with a lack of awareness amongst investors and audit committee chairs that the reports even exist and many being used as a marketing exercise, the Financial Reporting Council (FRC) has said.

The Financial Conduct Authority (FCA) has announced that Sheree Howard has been appointed as executive director of Risk and Compliance Oversight (R&CO). Sheree is currently interim director of R&CO having joined the FCA as a senior adviser in December 2017. Before joining the FCA, Sheree spe

The Institute and Faculty of Actuaries (IFoA) has launched a new monitoring scheme to improve the effectiveness of actuarial regulation and promote ongoing improvement across the profession. The scheme arrives after a consultation held by IFoA, which was welcomed by the Financial Reporting

The dramatic surge in claims for mis-sold PPI before last week’s deadline has led RBS to allocate between £600-£900 million to cover the costs.

Anne Whitaker has been appointed to the Financial Reporting Council's (FRC) Conduct Committee and chair of the Audit Quality Review Committee (AQRC). Ms Whitaker was first appointed to the AQRC in 2016 and she replaces David Cannon, who has served as chair of the AQRC and a member of the Conduct Co

The number of people claiming Payment Protection Insurance (PPI) compensation has increased this week ahead of next week's deadline.