financial conduct authority

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FCA hands out £46 million in fines

Woodford and his company face $61 mln fines over fund failure

Former star stock picker Neil Woodford and his company are facing a near 46 million pound ($61 million) combined fine over management failures of a one-time flagship fund that collapsed in 2019, Britain's financial watchdog said on Tuesday.

The Financial Times · 1d

FCA fines Neil Woodford and his company £46mn for management failures

The UK’s financial regulator has fined former fund manager Neil Woodford and his defunct company £46mn for “failures” in managing his eponymous equity income fund, which left thousands of investors trapped and nursing losses.

Bloomberg L.P. · 1d

UK Fines Woodford £46 Million on Failures Ahead of Fund Collapse

The UK’s Financial Conduct Authority fined Neil Woodford, the once-renowned investment manager, and his fund empire a total of £46 million ($61.1 million) over shortcomings in the lead up to the fund’s collapse.

FTAdviser30m

Dual pricing could be ‘unintended consequence’ of FCA’s rule changes

Dual pricing in favour of execution-only customers could be an unintended consequence of the Financial Conduct Authority’s ...

1don MSN

FCA fines Woodford and bans him from senior roles

The UK regulator has also fined Woodford Investment Management, the company he founded in 2014, £40m and banned the former ...

2don MSN

Car finance mis-selling payout scheme could cost billions, says FCA

A compensation scheme to pay out drivers who were mis-sold car loans could cost as much as £18 billion, the financial ...

2don MSN

Mis-sold car finance: who will be entitled to compensation

City regulator to launch payout scheme after Supreme Court ruling spares motor industry's 'worst-case scenario' ...

Car loan scandal payouts row - what's it about?

A compensation scheme over car finance mis-selling has been proposed by the financial regulator. It comes after a Supreme ...

MoneyWeek on MSN2d

FCA to consult on car finance compensation scheme – could you be eligible?

The Financial Conduct Authority will consult on an industry-wide compensation scheme for victims of the car finance scandal.

FirstRand Mulls Higher Provisions After UK Car-Loan Ruling

FirstRand Ltd., South Africa’s biggest bank by market value, may revise the amount of provisions it set aside to cover ...

Car finance redress plan 'impractical', say lenders

The financial regulator's proposed redress scheme for car finance mis-selling is "completely impractical", the trade body for ...

1dOpinion

Neil Woodford fine belies ongoing illiquid appeal

The UK fund manager has received a 6 mln pound penalty for poorly managing liquidity risks in his 10 bln pound vehicle.

Opinion

Private Banker International on MSN20dOpinion

FCA clarifies expectations on non-financial misconduct to align approach across financial services

Thomas Beale assesses the FCA’s extended conduct rules on bullying, harassment and violence. What are the practical implications for financial services firms and individuals, and will they deepen ...

financial conduct authroity

The Financial Conduct Authority has confirmed it will consult on an industry-wide redress scheme following the Supreme ...

Drivers with these number plates on their vehicles could be owed £950 payment

The Financial Conduct Authority is expected to pay out billions of pounds in compensation over a mis-selling scandal in car ...

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