FCA News

My Finance (clone of authorised firm)

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]

FCA News

Investment Association Annual Dinner 2017

Speaker: Andrew Bailey, Chief ExecutiveEvent: Investment Association Annual Dinner 2017, Mansion House, LondonDelivered: 17 October 2017Note: this is the speech as drafted and may differ from the delivered version Highlights We are ready to roll our sleeves up and continue to make open markets work effectively. Our recommendations on fund governance and the effectiveness of boards and the role of […]

FCA News

Ageing population and financial services

Speaker: Linda Woodall, Director of Life Insurance and Financial AdviceEvent: Ageing Population Occasional Paper launch event, LondonDelivered: 16 October 2017Note: this is the speech as drafted and may differ from the delivered version Highlights Not all older consumers are vulnerable. However, our work reveals that they are more likely to become so due to a life […]

FCA News

FCA launches the Asset Management Authorisation Hub

The hub has been launched to support new firms by assisting when they apply for authorisation, throughout the authorisation process and afterwards.  The authorisation hub will not lower entry standards to the market and entrants will need to meet the same rigorous standards as current firms before they receive authorisation. Today marks the start of […]

FCA News

Loan 4 Help

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams.  This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we […]

FCA News

FCA fines and bans wife and bans husband financial advisor for lack of integrity

Mr and Mrs Chiesa were founding partners of Westwood Independent Financial Planners (Westwood), a firm authorised by the FCA to provide personal investment advice. Following action taken by the Financial Conduct Authority in May 2011 over mis-selling of geared traded endowment policies (GTEP products), Westwood became insolvent and went into sequestration, the term used in […]