Regulation

ESMA rules in force from 1 Aug

Costs to firm unknown

220 claims against Lifetime SIPP

Paid out an average £26,000 per claim

Follows independent review

Advised on unregulated investments

Consultation closes on 1 August

Covers scope, disclosure requirements and transaction cost calculations

Agent to nine of Arsenal's '89 league winners

UK could lose access to EU 'passporting' regime