Compliance & Regulation

Advice firm JLT Specialty has been fined £7.8m by the Financial Conduct Authority (FCA) for failures around financial crime control including allowing a more than $3m bribe to take place. It is...

A serial fraudster who lied about having terminal cancer has been jailed for six years and nine months after executing an insurance and investment scam worth almost £2m. The swindle included a...

The Financial Conduct Authority (FCA) has named the providers it intends to authorise when the pre-paid funeral plans industry comes under its regulation from 29 July. Of the 64 funeral plan providers...

The Financial Ombudsman Service (FOS) has appointed Abby Thomas as chief executive and chief ombudsman. Thomas (pictured) has significant experience in leading change and driving operational excellence in large, complex organisations, the...

The Financial Conduct Authority (FCA) has warned consumers not to purchase products from two funeral plan providers. The warning comes ahead of a change in the law which brings funeral plans under...

Richard Lloyd has started his new role as interim chairman of the Financial Conduct Authority. Lloyd's appointment was announced on 4 February this year. Previously the FCA’s senior independent director, Lloyd (pictured)...

Actuaries are warning that proposed government regulations for the sector could “undermine the profession” and “lead to a lowering of standards”. The Institute and Faculty of Actuaries (IFoA) also urged the government...

An East London private GP surgery has been suspended by the Care Quality Commission (CQC) for exposing patients to risk of avoidable harm. During the CQC's regular inspection of the Northway Clinic...

Insurers, distributors and other financial services providers have been warned by the industry watchdog to ask themselves if products with Covid exclusions or other significant restrictions offer customers fair value. And the...

The Financial Conduct Authority (FCA) has told insurers they should be examining the amount of commission paid as part of the distribution process when complying with the incoming Consumer Duty. The issue...