Industry

Assessing firms' readiness for the Mortgage Market Review

Peter Craddock, a director at the Association of Professional Financial Advisers (APFA), is among three new names on a Financial Conduct Authority (FCA) committee responsible for approving applications and issuing warning notices.

Consumer group Which? is among four organisations awarded ‘super-complainant' status by the government, meaning it has the power to present complaints to the Financial Conduct Authority (FCA), which must respond.

The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.

The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.

The mortgage market is experiencing "strong upwards momentum" and gross lending may top £200bn for the first time in seven years in 2015, but there is little evidence of a housing boom developing, according to the Council of Mortgage Lenders (CML).

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The Upper Tribunal has upheld a decision by the Financial Conduct Authority (FCA) to fine investment adviser Westwood Independent Financial Planners £100,000 for mis-selling geared traded endowment policies (GTEPs).