FCA wins civil case against care home investment scheme
Victims invested around £57m
FCA
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Advisers expect a drop in profitability due to Consumer Duty
Outsourcing ‘elements of the value chain can ease the heavy lifting’
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Duo jailed for six years over £500,000 cryptocurrency scam
As the FCA secures confiscation order against convicted investment adviser
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7.4 million Brits unable to contact financial services providers
As only 36% of UK adults believe most firms are honest and transparent in the way they treat them
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UK financial watchdog cancels regulatory permissions of digital bank
After the FCA found the firm ‘appeared to have provided investment products or services’ without authorisation to do so
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32% of IFAs expect client fees to increase with Consumer Duty
As one-in-seven still feel unclear about advising clients on good customer outcomes
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Two UK IFA firms fail
With the FSCS receiving claims related to pension advice transfers for both
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Five potential impacts of Consumer Duty
NextWealth predicts what will happen after the FCA’s regulation is implemented
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Man charged with fraud over £1.3m unauthorised investment scheme
He will appear at Southwark Crown Court on 15 August 2023 for a plea and trial preparation hearing
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UK-based adviser loses regulatory permissions
After he failed to file returns to the FCA
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FCA tightens online financial promotions guidance
Increasing scrutiny of financial influencers on social media
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FCA writes to platforms over interest on cash balances paid to clients
UK watchdog wants to understand how firms have considered their approach to this in line with the Consumer Duty