Financial advisers have been warned to tighten their data security as new powers mean they could be fined twice for breaches.
UK anti-corruption laws are tightening. Richard Burger explains their effects in the insurance arena.
The treating customers fairly principle requires firms to identify all customers who may have been missold or received poor service and invite them to claim for compensation, says law firm Reynolds Porter Chamberlain.
Once consumers accept a Financial Ombudsman Service (Fos) award firms cannot be sued again, says Reynolds Porter Chamberlain (RPC).