Risky Investments Banned by The FCA

The UK’s new financial regulator has ordered a ban to all financial advisers who recommend risky, unusual or complex investments to ‘ordinary’ clients. From 1st January 2014, only sophisticated or wealthy clients, defined as those who earn above £100,00 per annum, or have more that £25,000 to invest, will be eligible to legitimately receive any Read More …

FSA to FCA

In June 2010 the Chancellor announced changes to the way that financial services will be regulated. Fast forward to April 2013, The Financial Services Authority has been abolished and the majority of its functions and responsibilities replaced by two successor organisations. The Prudential Regulatory Authority (PRA) which forms part of the Bank of England, and the Financial Read More …