Is the FCA too late to act on phoenixing?
Calls for more scrutiny of advisers setting up firms when they have existing licences
FSCS
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UK ombudsman and lifeboat scheme to extend Gibraltar remit
Treasury sets out consultation to reassess Britain’s financial services relationship with the territory
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UK lifeboat scheme declares 17 advisory firms in default
Between November 2019 and January 2020 from all over the UK
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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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Victims of Scottish ‘Ponzi scheme’ offered lifeline
Investigation underway into advice to invest in high-interest short term deposit accounts
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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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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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Compensation paid to first group of mini-bond victims
As UK lifeboat scheme cashes out £2.7m to cover those caught up in the mis-selling scandal
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Mini-bond victims targeted by scammers
As Financial Services Compensation Scheme urges them to be cautious
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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 lifeboat scheme responds to criticism over extra levies
Financial advisers angry about paying thousands more with just 30 days’ notice
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Sipp complaints drive up FSCS levy
Lifeboat scheme to raise £87m more in 2020/21