Disbelief as UK lifeboat scheme levy forecast to hit £1bn
As regulators also eye increase to FSCS management budget
FCA
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50% drop in firms with DB permissions in two years
Of the 1,310 companies giving pension transfer advice – 9% had no PI cover
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FCA refuses to authorise more than 340 firms
As it prevents 12 financial advice companies from phoenixing
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UK regulator rolls out DB transfer assessment tool
To examine financial advice given before October 2020
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Advisers warned about social media risks
While UK regulator to send out third covid-19 financial resilience survey
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FCA warns Brits over ads for ‘high return’ crypto investments
Investors ‘should be prepared to lose all their money’
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4,000 UK firms at risk of failure due to covid
As FCA warns around 30% have ‘potential to cause harm’ if they closed down
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PEOPLE MOVES: Zurich, Just Wealth, FCA
Life insurer names CEO of Malaysia arm, as UK mortgage firm hires head of wealth management division
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FCA urges online platforms to step up check on financial ads
They should cross reference data with international regulators, watchdog CEO says
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Charles Schwab UK fined £9m for failing to protect client assets
It ‘carried out a regulated activity without permission’ and gave a ‘false statement’, says regulator
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FCA admits ‘mistakes’ in mini-bond and collapsed fund scandals
Bondholders will be able to claim compensation from regulator, economic secretary says
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Pension introducer granted appeal over refund court ruling
Firm’s lawyer ‘surprised that the FCA chose not to include regulated Sipp providers and IFAs’ in the claim