The Financial Conduct Authority (FCA) has ruled out putting in place a long-stop for adviser liability after concluding it could unfairly impact consumers who bought long-term products.
The regulator said in its Financial Advice Market Review (FAMR) - a joint project with the Treasury - it will not put a 15-year break on the time in which complaints can be brought about advice. It...
Advisers to pay extra £8m towards scheme
From August next year
Contacted this week
75 inaccurate declarations submitted
Launched new firm at 25
Asking for apology
Ceremony online 15 December
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Schroders 'faces headwinds'
Scheme extended to 31 March 2021