FCA: British Steel IFAs must not deplete financial resources
‘Dear CEO’ letter follows plans to set up compensation scheme for victims
FCA
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£71.2m plan to compensate British Steel Pension Scheme victims
343 advice firms will need to fork out a combined £9m to assess transfer suitability
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Gam fined £9m for conflicts of interest involving Greensill
Sacked bond manager received £22,000 worth of gifts and entertainment
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Advice firm loses high court challenge against FOS decisions
It ‘failed in its primary duty to properly advise on the suitability’ of pension transfers, Ombudsman says
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65% of SMCR investigations still open
Just two cases have resulted in penalties since the regime was introduced in 2016
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Ex-director wins appeal in unauthorised share scheme case
She will not need to pay restitution to clients who lost money
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Regulator targets 50 firms over ‘misleading’ crypto adverts
‘We’re concerned that people might be enticed into investing money they can’t afford to lose’
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Another Sipp operator enters liquidation
After it was unable to pay redress following final decisions issued by the Financial Ombudsman Service
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British Steel pension transfer advice unsuitable in 47% of cases
Members have lost £18m in redress due to firms entering liquidation
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FCA mulls ‘side pockets’ for retail funds with Russian assets
Option could help some suspended vehicles resume trading
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UK regulator rebukes LCF criticism
Bondholders have so far received £173m in compensation from various schemes
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‘End financial relationships with Russia’ urges UK chancellor
FCA says there are ‘significant practical challenges in terms of disposing’ of assets in the country