FCA data offers evidence of declining adviser claims

Does latest FCA data offer further evidence of declining adviser claims?

Carmen Reichman
clock

New complaints data supplied by the Financial Conduct Authority (FCA) may provide further evidence of declining claims against adviser firms.

The latest figures, which cover the first six months of 2014 and list only those firms with at least 500 new complaints in that period, included a single advisory business - Sesame. Sesame, the largest distributor of financial services in the UK, has been an ever-present in the FCA data tables since the watchdog began publishing them in 2010. But, until recently, other advisory groups also used to appear. Openwork, the UK's largest restricted advice network, appeared in three consecutive reporting periods between 2012 and last year, while Towry and, on one occasion in 2012, Personal T...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Advertising watchdog upholds complaint against car rental 'investment' firm

Advertising watchdog upholds complaint against car rental 'investment' firm

Second complaint to be upheld against the business in just over a month

Jen Frost
clock 07 May 2025 • 4 min read
FCA seeks feedback on cryptoasset trading regulation

FCA seeks feedback on cryptoasset trading regulation

Aims to build confidence in the sector

clock 02 May 2025 • 1 min read
Schroders becomes first to adopt all four SDR labels

Schroders becomes first to adopt all four SDR labels

Includes 'Sustainability Mixed Goals' label

Linus Uhlig
clock 27 January 2025 • 1 min read