UK-based IFA firm fails
As lifeboat scheme investigates advice company with links to British Steel Pension Scheme
As lifeboat scheme investigates advice company with links to British Steel Pension Scheme
Company had ‘not been open and co-operative’ with the regulator
Adviser community has always ‘adapted to new ways of working’
Lifeboat scheme also announced two companies have failed
FCA wants investors to ‘re-think their approach’ to the financial markets
They ‘masqueraded’ as an authorised company to ‘defraud consumers’
This follows the regulator publishing an engagement paper on non-equity securities
As FCA sends ‘Dear CEO’ letter about companies using online portals of third-party actuarial providers to calculate redress
FCA says they were allegedly involved in a ‘coordinated arrangement’ which led to ‘customers suffering financially’
They were victims of unauthorised investment arrangements and advice
Jargon is a problem, say advisers
UK regulator still seeing ‘a number of problems’