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Financial compensation scheme announces £100m fee increase for UK life and pension advisers

The UK's Financial Services Compensation Scheme (FSCS) is anticipating a further increase in claims related to self-invested personal pensions (SIPPs) this year, and has increased the levy it will charge authorised firms by £32 million to cover some of those... 06 May 2015

FCA: effective anti-money laundering strategies should not include 'wholesale derisking'

Banks that exclude entire categories of customer from their services because they are perceived as more likely to be involved in financial crime risk regulators questioning the effectiveness of their compliance procedures, the Financial Conduct Authority (FCA)... 28 Apr 2015

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Lloyd's of London 'in talks with regulators' to open Malaysian Islamic insurance office

Lloyd's, the insurance marketplace based in the City of London, is in talks with market regulators in Malaysia to set up an office dedicated to 'takaful', the Islamic equivalent of insurance, according to press reports. 21 Apr 2015

FCA plans to ban 'opt-out' sales of add-on insurance products

UK financial services firms will be banned from using pre-ticked boxes and other methods to sell customers additional 'add-on' products when they are purchasing regulated financial products under plans published by the Financial Conduct Authority (FCA). 26 Mar 2015

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