FCA News

The FCA has prohibited financial advisor Anthony George from performing any regulated activity in the financial services industry on the grounds that he is not a fit and proper person as his conduct demonstrates a lack of honesty and integrity. Mr George is the director, owner and sole approved person of 4Life Financial Planning Limited […]

Mr Allen pleaded guilty to the offence of forgery on 13 July 2021.   The charge relates to events that followed proceedings brought by the FCA against Mr Renwick Haddow for operating several unauthorised collective investment schemes, which culminated in a successful judgement against Mr Haddow and others in 2018. At the conclusion of these […]

Speaker: Sheldon Mills, Executive Director, Consumers and CompetitionEvent: The IA Culture in Investment Management ForumDelivered: 22 September 2021Note: this is the speech as drafted and may differ from the delivered version Highlights Culture remains central to how we supervise the firms we regulate. The importance of an authentic, embedded purpose, visible leadership and an inclusive environment where staff feel […]

Sentor Solutions’ involvement with Texmoore and Fabcourt We understand that Sentor Solutions Commercial Ltd and/or a related firm owned by its director called Sentor Solutions Advisory Limited acted as security trustees and undertook other business for Texmoore and Fabcourt. While Sentor Solutions Commercial is an authorised firm with credit broking permissions and Sentor Solutions advisory […]

Speaker: Nikhil Rathi, CEOEvent: Lord Mayor’s City Banquet, Mansion House, LondonDelivered: 22 September 2021Note: this is the speech as drafted and may differ from the delivered version Highlights We took extraordinary measures to protect consumers throughout the pandemic. With a stronger economic and employment backdrop, we are now coming through those challenges. We are collaborating with international partners to deliver a […]

The professional body anti-money laundering supervisors of the accountancy and legal sectors (PBSs) have improved in recent years to achieve a level of compliance with the technical requirements of the Money Laundering Regulations (MLRs). However, as set out in its latest report, OPBAS continues to find differing levels of achievement and some significant weaknesses. OPBAS […]

The FCA found Mr Frensham, an independent financial adviser and the sole director at Frensham Wealth Limited, lacks the integrity to work in financial services. In March 2017, Mr Frensham was convicted of attempting to meet a child following sexual grooming. He committed this offence whilst he was an approved person, and whilst on bail […]

Speaker: Clare Cole, Director of Market OversightEvent: The Modernisation of the Listing Regime, City & FinancialDelivered: 17 September 2021Note: this is the speech as drafted and may differ from the delivered version Highlights The UK Listing Review, chaired by Lord Hill achieved unprecedented support, across all parts of industry, for the need to reform of […]

Barrow & District Credit Union is a financial co-operative owned by its members. It’s regulated by the Prudential Regulation Authority (PRA) and the FCA under firm reference number (FRN) 582921 as a deposit-taker. The Financial Services Compensation Scheme (FSCS) is stepping in to protect members and will return members’ money within 7 days from when […]

DC savers can only maximise their retirement income if their scheme delivers value for money. For the regulators, this means well-run schemes delivering good investment performance that is not eroded by high costs and charges. To allow good value schemes to compete, the FCA and TPR are proposing a common framework for disclosing information on […]