PI costs take heaviest toll on small firms
Advisers regularly report that premiums ‘have become prohibitive’
FCA
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FCA must offer more guidance on future Priips performance
‘Investment companies are still at a disadvantage in having to produce these toxic disclosures’
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FCA expects platforms to strengthen IT systems
After ‘severe’ disruptions caused ‘harm to consumers and negatively affected market confidence’
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Unauthorised adviser sent to prison for four years
He pleaded guilty to fraud and carrying out regulated activities
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UK regulator bans jailed financial adviser
He stole more than £600,000 from family members
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Extra £25m for unauthorised car park scheme investors
On top of the £33m from the sale of a site near Luton airport
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FCA eyes changes to Priips regime
To reduce ‘potentially misleading information being displayed’
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No ‘sufficient evidence’ for British Steel victim redress scheme
Amid concerns reparations could have a ‘significant impact’ for markets and pension freedoms
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FCA abandons second advice suitability review
To focus on DB pension transfers and reducing harm in consumer investment market
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Retail investors would ditch property funds over notice periods
As they are turned off by the idea of 90-180 day waits for redemptions By Georgie Lee
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UK regulator to review FSCS compensation payouts
As it aims to ‘stabilise’ and ‘reduce’ the scale of redress liabilities in the medium to long term
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UK regulator bans disqualified advice firm director
He also failed to inform the FCA of his bankruptcy