Two UK financial advice firms fail
After both companies were investigated by the FSCS earlier this year
FCA
-
-
FCA enforcement activity drops in last financial year
Cases opened against firms and individuals fell by 67% and 33%, respectively
-
Sipp sales reach highest level in five years
‘Savers are becoming increasingly confident in managing their own finances’
-
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
-
IFA banned over ‘unsuitable’ DB pension transfer advice
He has been told to pay £850,000 to the FSCS to compensate customers
-
What do retail investors need to know about illiquid assets?
Risk appetite, knowledge, experience and amount of wealth all important things to consider
-
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
-
Another IFA banned from providing advice on pension transfers
FCA has also prohibited him from holding any senior management function in a regulated firm
-
IFA banned from providing advice on pension transfers
He has also been forced to pay £106,100
-
1,300 firms sent survey by FCA on retirement income advice
Regulator hopes that findings provide an indication of how companies are implementing the Consumer Duty
-
FCA to restrict movement of Odey AM assets
Following several funds suspending trading
-
10 firms hit with restrictions as FCA continues AR crackdown
Appointed representatives accounted for more than half of the total value of recent claims to the FSCS