UK watchdogs launch Senior Managers and Certification Regime review
As Treasury also unveils a call for evidence on the regulation
FCA
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Financial planning company fails
This is the second Ascot Lloyd-linked firm to be declared in default in as many months
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PEOPLE MOVES: FCA, HSBC Global Private Banking, Fairway Group
UK regulator names joint executive directors of enforcement and market oversight
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Advice business declared in default
UK lifeboat scheme has received one claim against the company related to pension transfers
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Maximum ombudsman compensation limit to rise to £415,000
Changes to start on 1 April
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IFA company hit with regulatory restrictions
Watchdog said it failed to ‘engage with the FCA in an open and cooperative way’
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DB pension transfers excluded from advice-guidance review
But FCA says that accumulation and decumulation products will be part of the analysis
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Woodbrook Group-linked Sipp operator goes bust
It was placed into voluntary liquidation in August 2021
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UK pension advice company fails
After the firm entered compulsory liquidation in January 2023
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73% of advisers not ready for Consumer Duty implementation
As 8% say they haven’t started working on the regulation
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Two British Steel advice firms under investigation
Companies are both in liquidation according to the FCA
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UK investment advice firm fails
Lifeboat scheme has received 23 claims against the company – mainly related to Sipps