Just 11 FCA investigations into DB transfer misconduct in 2020
Despite a 26% increase in consumer complaints against firms
FCA
-
-
FCA abandons work on platform exit fees due to coronavirus
Proposed ban one of the few issues the regulator sought to address following platform market study
-
Quilter and FCA join forces to investigate unregulated firm
As fake introducer business claims to be an appointed representative of the wealth company
-
What does the end of ‘gap-filling’ mean for advisers?
Relevance of older qualifications is being put under a microscope
-
FCA will not be a ‘zero-failure regulator’
Newly appointed CEO says it will ensure ‘risks are managed and consumers are adequately protected’
-
UK watchdog takes duo to court after investors lose £30m
They reportedly promised investments in care homes for returns ranging between 8% and 10%
-
FCA scam warnings increase over 300% in five years
As clone firm cases make up half of watchdog fraud alerts
-
Wealth firm’s DB transfers to be scrutinised
To assess if some clients are due compensation for the advice they were given
-
FCA can’t give ‘specific comfort’ of when FSCS levies will fall
As newly appointed CEO says second lockdown may be the ‘tipping point’ for small firms
-
Trio of financial advisers on sex offender register banned
They were all handed custodial sentences for varying charges
-
British Steel IFA firm enters liquidation
It stopped offering DB transfer advice and suspended its permissions in 2017
-
FCA writes to 55 firms over misleading financial promotions
No enforcement action has been taken but the UK watchdog has a ‘number of ongoing investigations’