Tilney and Smith & Williamson merger delayed
‘Unprecedented circumstances have inevitably led’ to a postponement in the M&A deal
FCA
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Complaints to UK regulator soared in H2 2019
Increase of two million complaints but average redress lower than first half of the year
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UK regulator bans financial adviser involved in £4.5m fraud
He ‘used a web of deceit to encourage investments into bogus schemes’
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UK watchdog proposes 1.6% rise in adviser regulatory fees
But, due to coronavirus, 71% of firms that pay minimum levies will see no change
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PI premiums are back with a vengeance
One advice firm saw its 2020 cover rise by 400% despite no claims or DB transfers
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UK regulators eye SMCR coronavirus relief
To give more time to firms struggling with the pandemic
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Another mini-bond firm collapses
Around 1,800 customers invested roughly £36m
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UK regulators join forces to tackle coronavirus pension scams
Investors told to ‘reject all unexpected and unsolicited offers’
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UK regulator red flagged five acquisitions in 2019
And stopped even more through informal discussions with firms
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FCA halts 10% drop rule amid coronavirus pandemic
‘They can increase customer anxiety and are a blunt instrument’
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Watchdog warns of ‘opportunistic’ covid-19 scammers
Consumers have already been contacted by fraudsters looking to steal their money
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Calls for 4-month waiver for advice firms seeking PI insurance
As the sector continues to struggle to deal with issues arising from covid-19