The Financial Conduct Authority (FCA) has said it is reassured by the progress banks have made in moving away from incentives-based sales models but it is still concerned about how investment and protection products are sold to consumers.
The Financial Conduct Authority chief executive's statement that advisers should not charge their clients a percentage of assets "significantly overstepped commercial lines" according to one managing director and adviser.
The Financial Conduct Authority (FCA) plans to introduce a "robust underwriting assessment" to be performed by lenders before issuing interest-only mortgages, letters published today have revealed.
The Financial Conduct Authority (FCA) chief executive has said he is happy with the outcome of the Retail Distribution Review (RDR) but is still worried about the way advisers charge fees, especially if they are based on a percentage of assets.
The head of the Financial Conduct Authority (FCA) has revealed details of its thematic review into the £902bn unit-linked funds sector -and said the regulator is also looking into the annuity market.
Financial Conduct Authority chief executive Martin Wheatley received a remuneration package of £650,000 last year, it has been revealed.
The European Union's (EU's) move to cap bankers' bonuses could see those earning more than €500,000 to get significant pay rises, according to Martin Wheatley.
The Financial Conduct Authority (FSA) is launching a strategic review into the claims process in general insurance.