Advisers have criticised the Financial Conduct Authority's (FCA) latest proposal to remove them from its register if they are not considered 'senior managers', arguing the regulator was attempting to shirk responsibility.
The FCA said the proposed changes were intended to "reinforce that firms, rather than the regulator, are responsible for ensuring their staff are fit and proper", but advisers said the regulator was shirking...
Investment in unregulated scheme
From 6 April 2020
Investors lost £3m
Following M&G suspension
No change in the 'near term'
UK goes to the polls on 12 December
Over the course of this week Professional Adviser has revealed the majority of the shortlists for our 2020 PA Awards, the winners of which will be announced at a black-tie dinner in February.
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