Financial Services - Regulatory & Risk

Are there dark clouds on the horizon for SIPP providers?

Published on 17 October 2017. By David Allinson, Senior Associate

According to Citywire, the FCA is poised to complete further supervisory work on the SIPP industry with a specific focus on non-standard investments. We understand that the FCA has questioned SIPP providers on the number of high risk investments they hold following a spate of complaints about such products in recent years.

FCA criticised by Complaints Commissioner for its handling of enforcement limitation issues

Published on 04 October 2017. By Lucy Kerr, Associate

The Office of the Complaints Commissioner recently upheld two complaints against the FCA for making a "serious mistake" in its management of limitation issues for two connected investigations. The Commissioner criticised the FCA not only for its mismanagement of the limitation issue, but also for the unnecessary delays in concluding its own internal investigation into these complaints.

DB Transfers - now what?

Published on 04 October 2017. By Rachael Healey, Legal Director

We know that the FCA is looking closely at defined benefit transfers; we already have the FCA's review of redress methodology and the defined benefit transfer rules. We now have the results of the FCA's review, into defined benefit transfers and it makes for uncomfortable reading for the financial services industry.

The FCA: key themes for 2017/18

Published on 29 September 2017. By Lucy Kerr, Associate and Richard Burger, Partner

A look at key developments for the FCA in 2017 and looking forward to 2018

MiFID II & Inducements

Published on 21 September 2017. By Matthew Watson, Associate

FCA MiFiD Inducements Consultation Paper

FCA makes maiden market investigation reference

Published on 20 September 2017. By Lambros Kilaniotis, Partner and Melanie Musgrave, Senior Associate and James Mee, Partner and James Kaufmann, Legal Director and Alun Marriott, Partner - RPC Consulting

A level playing Field?

Published on 31 August 2017. By David Allinson, Senior Associate

Frank Field's Work and Pensions Select Committee is intending to review the impartiality of defined benefit pension transfer advice. What could this mean for the advisory industry and its PI insurers?

SIPP complaints to FOS still on the up

Published on 30 August 2017. By Rachel Ford, Associate

Complaints to the FOS about SIPPs continue to rise, having sky rocketed in the first quarter of 2017.

PSR issues public censure on payment system operator

Published on 15 August 2017. By Charles Buckworth, Senior Associate

The Payment Systems Regulator (PSR) has recently announced its first enforcement outcome, as it issued a public censure against a payment system operator.

Could 'clickstream data' put firms' websites in the spotlight?

Published on 08 August 2017. By Rachael Ellis, Associate

Rachael Ellis considers the FCA's use of clickstream data to examine customers' engagement with charges information.