The Financial Services Authority (FSA) has been cleared of wrongdoing by the Complaints Commissioner after a consumer complained over its handling of alleged mis-selling of an equity release-style scheme.
In 2005, the complainant was introduced to the scheme by a Spanish-based IFA, and alleged it had a similar structure to a product banned by the UK regulator in 1991. The scheme was run - though not...
£624,311 of assets frozen
Ahead of December deadline
Advisers should reconsider process
In preparation for December deadline
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down