Asset disposal ban for British Steel advice firm
Following letter from regulator warning companies to keep adequate financial resources
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Following letter from regulator warning companies to keep adequate financial resources
UK lifeboat scheme has received two claims against the business
‘Dear CEO’ letter follows plans to set up compensation scheme for victims
343 advice firms will need to fork out a combined £9m to assess transfer suitability
To ‘provide compensation’ to clients who don’t receive ‘inflationary increases’
FCA, ombudsman and lifeboat scheme to be questioned
Members have lost £18m in redress due to firms entering liquidation
Lifeboat scheme is urging eligible clients to claim compensation
Regulator says company ‘appears to have paid dividends’ rather than retaining funds for potential redress
Eight of which provided financial advice and wealth management services
UK lifeboat scheme has already received 17 claims against the company
Five months after stating it had ‘insufficient evidence’