FSA tells website copycat victims to seek legal help

Laura Miller
clock

IFA victims of a website copying scandal have been told to rely on lawyers rather than the regulator or professional bodies' codes of ethics to discipline the thieves.

Dubbed ‘webgate’ on the social media site Twitter, Professional Adviser has found at least six advisers who have discovered original, copyrighted material from their company websites reproduced, often verbatim, on those of rival businesses. Outraged advisers have condemned the “intellectual property theft” and are calling for regulatory action against the perpetrators for breaches of the FSA’s Code of Ethics for Approved Persons (APER). Where the firms or advisers are Chartered Insurance Institute (CII) or Institute of Financial Planning (IFP) members, victims say action should also b...

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 Your profession

Feel Good Friday: Quilter pledges £3m towards financial education

Feel Good Friday: Quilter pledges £3m towards financial education

Alongside £1m in grants supporting charities

Professional Adviser
clock 13 February 2026 • 1 min read
Brits unlikely to see IFAs despite Budget impact

Brits unlikely to see IFAs despite Budget impact

Just 19% were likely to seek advice, Continuum finds

Isabel Baxter
clock 12 February 2026 • 3 min read
Treasury consults on AR regime adding further FCA and FOS permissions

Treasury consults on AR regime adding further FCA and FOS permissions

Amid concerns about consumer harm and weaknesses in oversight

Isabel Baxter
clock 12 February 2026 • 3 min read