UK Sipp operator enters liquidation
FCA says clients ‘should immediately stop paying contributions’
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
FCA says clients ‘should immediately stop paying contributions’
To make it more accessible to fintech firms and their clients
Legal challenge focuses on relationship between IFAs and unregulated introducers
Clients invested in ‘high-risk’, ‘relatively illiquid’ and ‘unregulated’ schemes
Ombudsman believes cases ‘might have been avoided with better communication’
‘There are some very significant factors that will impact the UK financial services market as a whole’
Six-year sentence was not ‘manifestly excessive or in any way wrong in principle’
‘UK regulated firms will need to consider implications of dealing with unregulated third-parties’
It is open to UK and non-UK residents
While Transact parent company buys financial planning software specialist
Advisers are migrating ‘large back books of outdated bond business’ onto platforms
Firm’s lawyer ‘surprised that the FCA chose not to include regulated Sipp providers and IFAs’ in the claim