PEOPLE MOVES: FSCS, Maps, SEI
UK lifeboat scheme and pension service announce CEO exits
FSCS
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Is financial advice too expensive – and just for the wealthy?
IA spoke with a number of firms to discuss cost, education, advice-guidance boundaries and value for money
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UK-based IFA firm fails
As lifeboat scheme investigates advice company with links to British Steel Pension Scheme
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UK lifeboat scheme cuts 2023/24 levy to £270m
But FSCS says it continues to see increasingly complex firm failures within the Sipp and DB pension advice areas
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FSCS investigating Portuguese advice firm with links to Sipp providers
Lifeboat scheme also announced two companies have failed
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63% of Brits more likely to invest when firm is FSCS protected
As just a quarter trust the financial services industry to act in the best interests of its customers
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Lifeboat scheme investigating another British Steel advice firm
Company is currently in liquidation
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Liquidation-hit wealth manager under investigation
UK lifeboat scheme is now accepting claims against the company
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Just one-in-10 Brits have a good understanding of cryptocurrencies
But nearly a quarter said they would consider getting into debt to buy them
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Sipp operator enters administration
After it sold off trustee arm and self-invested personal pension assets to Platform One
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Another British Steel advice firm under investigation
Company dissolved in June 2022
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17 UK firms failed between February and March 2023
This includes financial advice and wealth management businesses