UK-based adviser loses regulatory permissions
After he failed to file returns to the FCA
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
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Two UK financial advice firms fail
After both companies were investigated by the FSCS earlier this year
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FCA enforcement activity drops in last financial year
Cases opened against firms and individuals fell by 67% and 33%, respectively
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Sipp sales reach highest level in five years
‘Savers are becoming increasingly confident in managing their own finances’
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FCA: ‘Gaps observed in liquidity management’ could lead to ‘risk of investor harm’
Regulator warned that asset managers lack arrangements to combat market-wide redemptions
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IFA banned over ‘unsuitable’ DB pension transfer advice
He has been told to pay £850,000 to the FSCS to compensate customers
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What do retail investors need to know about illiquid assets?
Risk appetite, knowledge, experience and amount of wealth all important things to consider
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FCA widens retail investors and pensions access to LTAFs
UK regulator is seeking views on whether the FSCS protections should be available for Long Term Asset Funds
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Another IFA banned from providing advice on pension transfers
FCA has also prohibited him from holding any senior management function in a regulated firm
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IFA banned from providing advice on pension transfers
He has also been forced to pay £106,100