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’
Ombudsman
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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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20 fraud victims demand compensation from wealth firm
Rogue adviser stole £4.5m to spend on prostitutes, gambling and luxury holidays
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SJP to pay £75,000 to client caught up in rogue scheme
Former adviser recommended customers invest in his friend’s start-up that later went bust
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PEOPLE MOVES: Matthews Asia, India Capital Growth Fund, FOS
Investment firm announces departure of three managers, as fund names board member
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Former SJP adviser causes clients to lose £1.35m
But wealth management firm denies responsibility and refuses to pay compensation
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Sipp complaints drop 32%
But there was a 93% jump in film partnership cases opened by the financial ombudsman
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PEOPLE MOVES: Openwork, Brown Shipley, Quintet
Advice network’s parent company and UK and Luxembourg private banks hire chairmen
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Greyfriars AM and Berkeley Burke declared in default
Glasgow-based IFA business and West Midlands wealth manager also named by the UK lifeboat service
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FSCS opens to claims as Sipp firm enters administration
It became insolvent based on the potential claims over high-risk investments
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UK watchdog proposes 1.6% rise in adviser regulatory fees
But, due to coronavirus, 71% of firms that pay minimum levies will see no change
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Sipp provider breached duty of care
After it accepted investments from risky Ethical Forestry, says ombudsman