Claims management firms are being investigated by the Ministry of Justice after a surge in bogus compensation claims filed for consumers who were mis-sold personal protection insurance (PPI).
The Financial Times reports banks have made numerous complaints to the ministry, which regulates the country's growing number of claims management firms. The report said banks are now rejecting about...
The Financial Conduct Authority (FCA) is planning to update its rules for retail clients advised to buy offshore life insurance bonds, affording them greater protection.
Financial services lobby group TISA has vowed to bring clarity to what the incoming European legislation Markets in Financial Instruments Directive (MiFID II) will mean for advisers and providers.
Concerns are being raised over the disclosure policies of some specialist investment trusts as investors continue to pile into alternative assets.
An adviser fined and banned by the Financial Conduct Authority (FCA) for recommending unsuitable investments to lower income clients is working as an adviser to expatriate clients in Dubai and the Middle East.
A victim of convicted fraudster financial adviser Chris Bladen is fighting banking giant HSBC for compensation, alleging the bank failed to recognise he 'forged' signatures on his account.
Died from motor neurone disease
Andy Thompson departure
What next for UK financial services?
Benefit of a fresh start