FCA takes legal action against unauthorised adviser
Watchdog claims he has been using social media platforms to give investment advice
FCA
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Nearly half of UK advice firms will need to furlough staff
As 14% claim their business will go bust without access to funding
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Advisers given extra time to complete qualifications
As FCA allows firms an additional 12 months to let employees sit exams
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FCA lays down law over PI cover during pandemic
It will consider ‘taking action’ where it sees evidence renewal process is being affected
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UK regulator forks out £90,000 in fraudulent ads fight
FCA forced to pay for its own adverts to battle misleading promotions on Google
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Tilney and Smith & Williamson merger delayed
‘Unprecedented circumstances have inevitably led’ to a postponement in the M&A deal
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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