Mini-bond victim caught in UK regulator data breach
Their personal details were publicly accessible despite not being relevant to the FOI request
FCA
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Advisers pester fund groups to cut fees
Despite only 9% having cut their own costs in recent years
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FCA admits wrongful publication of data
In response to a freedom of information request
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UK regulator slammed over failure to protect consumers
Gina Miller says FCA boss’ tenure a ‘toxic cocktail of negligence, incompetence and indifference’
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Fix retirement advice sector, industry and government told
Some 40% of flexible income withdrawals were at an ‘unsustainable annual rate of 8% and over’
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UK financial adviser banned for life
After he was convicted of stealing £2.1m in client funds
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Mini-bond victims take legal action against lifeboat scheme
But FSCS denies wrongdoing, stating it has sought legal advice on the ‘complex and sensitive case’
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Dearth of DB schemes to hurt retirees
As unsuitable transfers could mean up to £20bn in lost income over five years
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PI premiums push UK advisory firms to turn away clients
As one business saw a nearly 400% increase in just one year
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PEOPLE MOVES: Utmost Wealth, Canada Life, Bank of Singapore
UK sales director departs life insurer, as rival poaches business technical manager from Just Group
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UK lifeboat scheme levy model a ‘broken system’
As economic secretary to the Treasury passes the buck to the regulators for action
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UK regulator warns platforms over buy list fund discount
Wealth 50 constituent Woodford Equity Income slashed fees by a third for HL customers