Staff have been quitting Britain’s financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe’s biggest …
Britain’s financial regulator is investigating whether two life insurance companies breached new rules that ban the offering of commissions to financial advisers for selling their products. The Financial Conduct Authority (FCA) said on Wednesday it had referred two unnamed firms …
The U.K.’s markets regulator is investigating allegations that banks are dismissing claims for payment protection insurance compensation. The Financial Conduct Authority has at least two separate probes in progress, Martin Wheatley, the chief executive officer of the agency, told lawmakers …
The UK’s Financial Conduct Authority (FCA) [the successor to the FSA] has fined Swinton Group Limited, one of the country’s largest insurance retailers, £7,380,400 [$11.215 million] for mis-selling. After an investigation the FCA said it had “found that Swinton’s aggressive …
In a move that is certainly not an April Fool’s Day joke, the Financial Services Authority (FSA), which has been responsible for regulating the UK’s financial services industry since 1997, including insurance regulation, has ceased to exist. It has been …
