Brokerage Author

Our new research highlights when and how firms can improve their communications to help consumers to make informed decisions about their retirement savings. Our research used behavioural insights to create and test different email designs and subject lines. It aimed to overcome common barriers, like the tendency to focus on the present rather than the …

Firms encouraged to explore new approaches to increase pension engagement Read More »

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines ongoing high economic and geopolitical uncertainties. The ESAs warn national supervisors of the financial stability risks stemming from these uncertainties and call for continued …

ESAs warn of risks from economic and geopolitical events Read More »

The FCA has charged Mr Olumide Osunkoya, who is 45 and resides in London, for unlawfully running multiple crypto ATMs without FCA registration. Crypto ATMs are machines that allow you to buy or convert money into cryptoassets. Mr Osunkoya is accused of running crypto ATMs, which processed £2.6m in crypto transactions across multiple locations between …

FCA charges first individual with running a network of illegal crypto ATMs Read More »

ASIC today released its Enforcement and regulatory update (1 January to 30 June 2024), which sets out recent outcomes in enforcement and regulation. In the first half of the year, ASIC was successful in 95% of its civil and criminal prosecutions, securing $32.2 million in civil penalties and nine criminal convictions. ASIC also launched 63 …

ASIC to target misconduct in banking and superannuation sectors Read More »

We’re offering firms temporary flexibility to comply with ‘naming and marketing’ rules under our Sustainability Disclosure Requirements regime until 2 April 2025. Our Sustainability Disclosure Requirements (SDR) and investment labels regime (PS23/16) were published on 28 November 2023. With global assets under management in environmental, social and governance (ESG)-oriented assets expected to increase to $34trn …

FCA sets out temporary measures for firms on ‘naming and marketing’ sustainability rules Read More »

Key messages We are continuing with our ambitious package of reforms to strengthen the UK’s position in global wholesale markets. After undertaking the biggest change to the listing rules in over three decades, we followed up weeks later with a package of measures to further boost the UK’s position as a global and vibrant financial …

The FCA’s new listing rules and what’s to come Read More »

The FCA has decided to ban 2 financial advisers and 2 partners at St Martin’s Partners LLP (SMP) from working in financial services, and collectively fine them £590,544. The regulator considers the 4 were responsible for a pension transfer advice model that put at risk people’s guaranteed retirement benefits. Between October 2015 and July 2016, …

FCA publishes decisions against 3 individuals, and fines and bans a fourth, for reckless pension transfer advice Read More »