ADR and the EU Online Dispute Resolution (ODR)

ADR and the EU Online Dispute Resolution (ODR) platform rules in force from 15 February 2016. (The Alternative Dispute Resolution for Consumer Disputes (Competent Authorities and Information) Regulations 2015 as amended by the Alternative Dispute Resolution for Consumer Disputes (Amendment) Regulations 2015). From 15 February 2016, the European Commission will make an online dispute resolution […]

FCA eyes action against pension introducer firms

The Financial Conduct Authority (FCA) is looking into the activities of unauthorised pension introducer firms Unregulated introducers seem to be involved in a number of recent IFA firm failures and Financial Ombudsman Service (FOS) decision notices. Many IFA firms use lead generators. There are many reputable names that provide client leads, such as Oportura, Unbiased […]

Pensions and regulation hit the Commons

Financial services took over the House of Commons last week with a debate double bill: transitional payments for women hit by state pension age rises, and a motion of ‘no confidence’ in the Financial Conduct Authority (FCA). Sparks flew in both debates as MPs raised the issues more commonly found in the New Model Adviser® […]

FCA chief warns firms not to ‘underestimate’ new EU rules

Interim Financial Conduct Authority (FCA) chief executive Tracey McDermott has warned financial firms not to underestimate the impact of new EU regulations. In a speech at Bloomberg’s offices in London, McDermott (pictured) said retail firms ‘shouldn’t underestimate’ the impact of the Markets in Financial Instruments Directive (Mifid II) despite significant crossover with existing rules. ‘On retail […]