Martin Wheatley

Advisers have generally benefited from the Retail Distribution Review (RDR) as their revenues have increased and they are more professional and better qualified, Financial Conduct Authority (FCA) chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) is finding it difficult to measure the true effects of the ‘advice gap' but will make it a priority over the coming year, according to chief executive Martin Wheatley.

The Financial Conduct Authority (FCA) will not reimburse advisers for previously 'overpaid' fees if the proposal to cut regulatory costs from next year comes into force, chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) is still concerned about transparency in the advice space, especially in relation to charging and independence, chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) has launched a consultation on proposed changes to the rules governing the use of dealing commission by fund managers, in particular how they pay for access to company CEOs.

The City regulator has begun an investigation into the role of former senior directors at the Co-operative Bank.

Three of the regulator's top brass have spent almost £10,000 on foreign travel and accommodation in the first half year of the Financial Conduct Authority's(FCA) existence.

Fund groups found to have used commissions to pay for access to corporate executives will not face financial penalties, the FCA has said.

The chief executive of the Financial Conduct Authority is set to criticise asset management firms for the way they pass on the cost of third party research to clients.

The regulator is moving away from an over-reliance on static rules and regulations to a "good judgement" approach, and expects the industry to follow suit, Martin Wheatley has said.