Ex Barclays Wealth COO dodges ban over misconduct
But UK regulator issued a public notice regarding his actions
FCA
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Firm linked to London Capital & Finance has collapsed
It raised almost £8m by selling mini-bonds to hundreds of investors
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Collapsed wealth firm charged investors 20% fees
And pushed advisers to promote its portfolios to DB pension transfer and Sipp clients
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Five million Brits at risk of succumbing to a pension scam
Research shows a ‘worryingly large number of people’ could fall victim to common fraudster tactics
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Concerns over number of dedicated FCA pension scam staff
Select committee questions whether it has ‘sufficient resource’ to combat fraud
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Diversity push cannot be top down, says FCA
Financial watchdog hopes to lead by example but other companies need to up their game
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UK to ban contingent charging for pension transfers
Mixed response from industry, with some criticising the move as ‘wrong’
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Independent investigation into mini-bond firm imminent
But Financial Conduct Authority employees can turn down interview requests
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PI insurer halts offerings to DB pension transfer firms
Existing clients will be unaffected
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UK watchdog aims to solve ‘biggest challenge’ facing industry
Proposed guidance to help deal with vulnerable clients, a ‘very difficult area to get right’
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Standard Life Assurance fined more than £30m
Call handlers incentivised with significant bonuses and rewards for meeting/exceeding sales targets
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SJP rejects mis-selling and forgery allegations
A client reported the firm to the Ombudsman over doctored documents