TCF

The Financial Services Consumer Panel (FSCP) has hit out at the Financial Services Authority (FSA) for a "record of procrastination", and has called on it to take immediate action against firms whose incentive schemes are to the "detriment of consumers"....

Victims of Bernard Madoff's Ponzi scheme are set to receive proceeds from a $210m settlement between a Bank of New York Mellon advisory firm subsidiary and US authorities, the New York attorney-general has said.

The Financial Conduct Authority (FCA), the Prudential Regulatory Authority (PRA) and the Bank of England (BoE) plan to deal with complaints in the 'twin peaks model' in largely the same way as under the current Financial Services Authority's (FSA) process....

The Financial Ombudsman Service (FOS) has ruled Intrinsic Independent Limited must repay about £86,000 to a client it gave unsuitable advice to invest his self-invested personal pension (SIPP) into an offshore property unregulated collective investment...

Claims management firms are being investigated by the Ministry of Justice after a surge in bogus compensation claims filed for consumers who were mis-sold personal protection insurance (PPI).

Restrictive covenants in advisers' employment contracts will continue to be enforced despite Towry's High Court loss, according to the law firm that represented Raymond James.

The FSA's ‘treating customers fairly' initiative has invited scorn from advisers who said it muddied waters that were previously clear. But not everyone thinks it was worthless…

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A shadow minister has claimed the FSA's Treating Customers Fairly (TCF) initiative has failed to adequately protect consumers.

Most financial advisers do not understand all of the charges levied by fund providers, Alan Miller, founder of SCM Private said.