Around 200,000 HSBC customers who bought investments after being advised by sales staff in high street branches could be in line for compensation after a mystery shopping exercise by investigators from the Financial Conduct Authority (FCA).
The bank said it is spending £93m to review the investment advice given to customers between August 2008 and October 2012, the Guardian reports. But it said the final compensation figure is unlikely...
Kept details private
Commits to doubling ESG ETF options to 150 among other actions
FCA in High Court victory
Annual growth of 0.6% weakest for more than seven years
It’s unlikely that any end-of-year quizzes asked which part of the market was most unpopular with UK investors in 2019, writes Laura Suter, but it’s a pretty interesting answer...
For 2022 Winter Olympics
30 years experience
It’s The Pro Adviser Podcast
A storm has caused havoc in the adviser platform market over the last couple of years, says Tom Ellis, but advice firms will no doubt be expecting to see some sunshine soon
£3.4bn released last year