It’s been a busy month for regulation as July marked a year since Consumer Duty was implemented and saw further Sustainability Disclosure Requirements (SDR) updates, all on top of a general election.
Policy watch… This month saw Islington-based advice firm Donre Advisory enter liquidation after the Financial Conduct Authority (FCA) imposed regulations on it. Donre Advisory was not the only firm caught out by the regulator in July. London Court entered creditors' voluntary liquidation on 23 July following the imposition of regulatory restrictions around a year ago. Meanwhile, the FCA's British Steel pension scheme redress scheme paid out far less than expected. The regulator said that money paid out under its redress scheme was £8.7m, much lower than its £50m estimate. What el...
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
