We’ve decided to start a blog. We thought it would be the best way to keep you up to date with our latest thinking on investments, retirement planning, business related issues and our activity in the community. We’ll even interview our clients and share their stories, so you can get a clear picture of what it really means to work with the team at Clarkson Wayman Ball.
In April 2013, the regulatory body for the financial services sector was split into two new organisations: the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), allowing for increased regulation of the sector following the recent banking crisis. The new FCA will monitor the conduct of companies to ensure consumers are protected, and responsibility for ensuring banks are financially stable will come under the new PRA.
The head of the FCA, Martin Wheatley, said that the creation of the new regulatory organisations would allow the FCA to “predominantly focus on conduct and to be focused more on consumers than the FSA has been”. He has pledged to engage with consumer groups so the FCA can make decisions with customers’ priorities at the outset.
Mr Wheatley said that the initial challenge for the FCA would be to deal with legacy issues from the FSA and the aftermath of the 2008 financial crisis. A key objective for the new structure is to rebuild consumer trust in insurance companies, banks, lenders or financial advisors.
Posted in Latest News
Tagged fca, fsa
Recent research by unbiased.co.uk and Standard Life has revealed the true value of independent advice. According to their report, taking independent advice could leave you on average £2,780 a year better off in retirement. Continue reading
At Clarkson Wayman Ball we are always on the lookout for talented new recruits to join us. As an award winning firm, we offer the opportunity to become part of a team that are truly passionate and enthusiastic about what they do. Continue reading
As the Queen celebrates her Diamond Jubilee this weekend, we thought we would examine how Britain’s financial markets have changed over the past 60 years. We found a great article by Richard Cumming-Bruce, senior investment researcher at Principal Investment Management, covering this very subject. Below is a summary of the key points he raised. Continue reading
On June 20th we are hosting a Pension Reform Breakfast Briefing with Steve Bee and Howes Percival.
Every business in the UK will be affected by Pension Reform. This event is designed to help you to understand the exact implications of Pension Reform and how you can prepare for the changes. Continue reading