PPI, Arch Cru, Keydata, Lehmans, film finance, UCIS, venture capital trusts… times have been tough in the financial sector recently. In this complex environment, Virginia Hickley explores what IFAs can do to reduce the risk of facing a claim...
The regulator has been on a mission over the past few years to push up standards in the profession and to regain consumer trust. The main aims have been to improve transparency and choice for the customer. IFAs have had to grapple with an unprecedented pace of regulatory change, at the same time as dealing with an increasing number of claims due to an ailing economy. Where the Financial Conduct Authority (FCA) has not forced the IFA to offer redress itself, clients have been encouraged to seek redress through the Financial Ombudsman Service (FOS). The claims have cost IFAs and t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
