The Financial Conduct Authority (FCA) has warned that Britons over-55 are being targeted by scammers, with nearly a half investing in unregulated products such as wine, diamonds and land, without getting professional advice.
Some UK financial adviser firms are delegating the entire regulated activity of providing advice to unregulated third parties, according to the Financial Conduct Authority (FCA).
The Association of International Life Offices (AILO) has criticised a claim that life companies are complicit in the distribution of unregulated investment schemes.
Unregulated financial firms in Hong Kong will now be included in the city’s budding resolution regime, which will give the regulators greater powers to minimise the impact failed institutions have on the local economy.
SIPP providers should be held fully accountable where an investor has not taken financial advice, a law firm has said in a letter to the chief of the Financial Conduct Authority (FCA).
