FCA takes legal action against unregulated firms promoting 'misleading' SIPP investments
Firms were not authorised
The Financial Conduct Authority (FCA) has started civil legal action against two firms it alleges misled savers and promoted self-invested personal person (SIPP) investments into alternatives such as tree plantations.
The FCA said it was taking action against firms Avacade and Alexandra Associated, and three employees of the firms, Craig Lummis, Lee Lummis and Raymond Fox. The firms provided a pension report service,...
More on Regulation
Government launches small pension pots taskforce
Numbers jumped due to auto-enrolment
Midlands firm fails leaving almost 30 FSCS compensation claims
Lost permissions two years ago
Pull the other one, Mr Regulator, a risk-based FSCS levy is too good to be true
Advisers need to respond to FCA
FCA to end temporarily postponed deadlines for fund reports and accounts
Deadlines had been extended due to Covid-19
More news
Crispin Odey pleads not guilty to 1998 assault allegation
Today at Westminster Magistrates Court
Study shows why 60 structured products lost investors money
American-style capital protection barriers largely to blame
Potential Royal London and LV= merger: Complex and disruptive or powerful and modern?
Professionals from across personal finance sectors have deemed the potential Royal London and LV= merger to be a “powerful opportunity,” but one that is “bound to be complicated”.
Royal London enters equity release market via partnership with Responsible Life
To offer multiple products
