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Showing 1371 to 1380 of 1522 search results for needs of their vulnerable customers.
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FCA bans and fines former Burlington director for dishonest involvement in the sale of Unregulated Collective Investment Schemes to retail customers
FCA bans and fines former Burlington director for dishonest involvement in the sale of Unregulated Collective Investment Schemes to retail customers. ... Any consumers who had dealings with Cameron, Burlington Associates or Leslie & Nuding / Burlington -
FCA imposes penalties on Sonali Bank (UK) Limited and its former money laundering reporting officer for serious anti-money laundering systems failings
The Financial Conduct Authority (FCA) has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days. It has also fined the bank’s former money laundering -
Considerations for Principals who have Appointed Representatives or Introducer Appointed Representatives (ARs)
The FCA issued an alert for all Principals who have Appointed Representatives or Introducer Appointed Representatives regardless of sector. -
Cheque Centre stops selling single repayment payday loans and agrees to change business model to meet FCA’s tougher consumer protection requirements
I have said before that firms would need to dramatically improve their operation or exit the market, and we are now seeing that happening. ... Those who have outstanding loans will not need to do anything differently and will still have to repay their -
J.P. Morgan International Bank fined for systems and controls failings in its wealth management business
The Financial Conduct Authority has fined J.P. Morgan International Bank Limited (JPMIB) £3,076,200 for systems and controls failings relating to its provision of retail investment advice and portfolio investment services. -
10% depreciation notifications: further extension of temporary measures for firms
Since March 2020 we have adopted temporary measures on the requirement for firms to issue 10% depreciation notifications to investors (COBS 16A.4.3 UK). -
New rules will protect consumers from harmful fee-charging credit broking practices, says FCA
the broker has provided an explicit notice to the customer (an ‘information notice’), setting out:. ... Transparency: credit brokers will need:. to include their legal name (as it appears in the Financial Services Register) in all financial -
Financial watchdog wins civil case against Ponzi-like care home investment scheme
The High Court has ruled in favour of the FCA against Robin Forster, the director of a company which took £57 million from 380 investors in an illegal care home investment scheme. -
The Financial Conduct Authority warns clients of three debt management firms to review their debts
These firms are no longer permitted by the FCA to offer debt management services to customers. ... Customers of the three firms may find themselves being approached by another debt management firm or other third party. -
Occasional Paper No. 12: Encouraging consumers to act at renewal: Evidence from field trials in the home and motor insurance markets
Our survey evidence for a home insurer suggests that customers underestimate the benefits of shopping around and overestimate the amount of time it takes. ... We find little evidence of price increases at renewal for customers at the two motor insurers,