UK lifeboat scheme seeks additional £92m
Supplementary levy needed as life and investment intermediary claims surge
FSCS
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FSCS and UK Serious Fraud Office join forces to fight scams
Government body will be given data on fraudulent investment schemes and the advisers promoting them
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FCA sends advisers second DB transfer survey in five months
Speculation UK watchdog is looking to remove permissions from firms not active in the market
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45 UK firms declared in default in last six months
One company was reportedly involved in British Steel Pension Scheme scandal
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FCA can’t give ‘specific comfort’ of when FSCS levies will fall
As newly appointed CEO says second lockdown may be the ‘tipping point’ for small firms
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FCA is ‘out of control’ says advice firm CEO
Rising PI, regulatory fees and levies mean ‘we need to have an industry voice at the table’
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Pimfa calls for supervision of unregulated financial promotions
Trade body argues it would improve market and reduce burden on lifeboat scheme
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IFAs lack ‘real lobbying group’ to fight ‘scandalous’ fees
Large rises have ‘angered’ advisers who are turning to Treasury Select Committee for help
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Collapsed wealth firm clients get £4.4m in compensation
Company was declared in default in January 2020
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Unregulated overseas investment scheme at risk of bankruptcy
FCA, lifeboat scheme and Financial Ombudsman Service publish joint statement
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64% of advisers and wealth managers do not trust FSCS
They believe UK lifeboat scheme is unable to deliver fair outcomes for clients or firms
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Sipp firm hit with over 1,000 compensation claims
Months after its business was sold by joint administrators