The FCA’s action plan: How could it help cash savers?
After BofE revealed £250bn is sitting in deposits that don’t earn interest
FCA
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Three UK financial advice firms fail
FSCS has received seven claims so far against the companies
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UK regulator bans duo for British Steel Pension Scheme advice failings
Advisers will pay £155,000 in compensation
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FCA to introduce screening checks for financial adverts
Rules come into force in February 2024
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One-in-10 advisers planning to quit due to Consumer Duty
More than a third say regulations are harming their mental health
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UK-based IFA firm enters compulsory liquidation
Lifeboat scheme said it is is open to customer claims against the company
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UK wealth manager buys London-based IFA firm
Acquired business offers advice predominantly to female high net worth clients
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FCA to review treatment of politically exposed persons
Regulator will ‘take prompt action if any significant deficiencies are identified in the arrangements of any firm assessed’
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Financial advice company fails
With the FSCS receiving claims relating to the British Steel Pension Scheme
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Duo face bans and £1.3m fine over pension transfer advice
They have referred the FCA decision notices to the Upper Tribunal
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Pension transfer activity falls to lowest level in five years
As FCA updates guidance on how to support vulnerable clients when providing pension transfer advice
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UK wealth manager hit with regulatory restrictions
They came into effect on 16 August 2023