Will PI cover break advisory firms?
Recent regulatory changes have left UK financial advisers feeling the pressure
FCA
-
-
UK regulator wins tribunal case against DFM firm
The company contested a fine imposed by the FCA for market abuse failings
-
Introducers in the UK regulator’s crosshairs
Four firms and four individuals investigated over pension transfers
-
FCA under scrutiny over handling of failed firm
Investigation will also focus on the regulation on purchase of mini-bonds by retail investors
-
Advice firms get 5 days to tell FCA about inadequate PI cover
As ombudsman compensation limit more than doubles to £350,000 from 1 April 2019
-
UK regulator logs 31% drop in misleading adverts
FCA said its powers are an ‘effective deterrent’ but it still has four requests a week, on average
-
Claims management companies fall under UK watchdog
But won’t have to contribute to Financial Services Compensation Scheme (FSCS) levy
-
UK regulator bans ‘inherently flawed product’
Move could save investors up to £17m a year and reduce risk of fraud
-
UK regulator ramps up pressure on providers to police advisers
Firms must spot negative trends like high volumes of transfer from a single scheme over a short period
-
Call for UK regulator to halt 133% compensation limit spike
The impact on the professional indemnity insurance market is a key concern ahead of 1 April changes
-
UK and Aussie watchdogs to help investors in illegal schemes
Investments were offered in carbon credits in Sierra Leone, Brazil and Australia
-
Collapsed UK firm under investigation for mini-bond fraud
Treasury committee calls on watchdog to consider statutory investigation into regulatory failure