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Financial Services - Regulatory and Risk Blog

Articles: 1-10 of 178

Recouping overpayments - The Pensions Ombudsman v CMG Pension Trustees Limited and CGI IT UK Limited - the implications of needing a County Court order

United Kingdom - January 17 2024 In November last year the Court of Appeal dismissed the Pensions Ombudsman's (Ombudsman) appeal of the 2022 High Court decision in CMG Pension…

Vehicle finance could drive redress scheme

United Kingdom - January 15 2024 We're barely into 2024 and it looks like vehicle finance arrangements could drive forward the next miss-selling saga. The volume of complaints in…

A tale of a SIPP administrator, a complainant's fraudulently intercepted email account and a missing £20,000

United Kingdom - December 12 2023 The Pension Ombudsman Service (POS) recently upheld a complaint and in doing so, found a SIPP administrator (the Administrator) at fault for the…

New 'polluter pays' proposals from the FCA - are these toxic?

United Kingdom - November 30 2023 The FCA has released a consultation paper (CP 23/24), proposing new measures for personal investment firms (PIFs) to set aside capital for potential…

Cracking Down on High-Risk Investments: FCA considers industry performance

United Kingdom - October 11 2023 After introducing stricter rules for the promotion of Restricted Mass Market Investments (RMMIs) in February 2023, the FCA continues to monitor the…

The FCA sets expectations ahead of incoming cryptoasset marketing rules

United Kingdom - September 28 2023 The FCA has issued a "final warning" to firms promoting cryptoassets to UK consumers to prepare for the cryptoassets financial promotion regime…

FSCS' annual report - historic claims but a present danger?

United Kingdom - July 27 2023 The FSCS has published its annual report for the 2022 - 2023 year. This shows a drop in compensation paid overall in comparison to the previous year…

FCA expresses concern about overseas pension transfers

United Kingdom - June 27 2023 The "overseas advice model" applies to members of UK Defined Benefit pensions who are based overseas, and where overseas advice firms target members…

What's in store for the FCA and FOS in 2023/2024?

United Kingdom - April 11 2023 April has seen the publication of the Financial Ombudsman Service and Financial Conduct Authority's Plans and Budgets for 2023/2024 - what can we…

The Financial Services and Markets Bill 2022-23 (FSM Bill) completes the committee stage

United Kingdom - March 30 2023 On 23 March 2023, the FSM Bill completed its committee stage in the House of Lords. If passed, it will make extensive reforms to the regulation of…