IFA frustrated over FCA's silence after LC&F warning

Sent in 2015

Sophie King
clock • 2 min read

West Riding Personal Finance Solutions managing director and IFA Neil Liversidge has expressed frustration with the FCA after sending a warning letter to it in 2015 regarding London Capital & Finance (LC&F).

The Financial Conduct Authority (FCA) was warned about LC&F by Liversidge after he was contacted by a potential investor interested in putting money into their mini-bond schemes. While the client was advised by the IFA not to invest, Liversidge also sent a letter in 2015 to the regulator explaining how he would not class this as a suitable investment for the "unsophisticated retail market". Liversidge said it was an "habitual issue" with the FCA not getting back to people. He said he had, on several occasions, contacted the regulator with different issues and it has failed to get back to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Why well-run advice firms still shoulder an unfair FSCS burden - and what needs to change

Why well-run advice firms still shoulder an unfair FSCS burden - and what needs to change

Tom Hegarty shares his views on the FSCS levy and why things need to change...

Tom Hegarty
clock 08 January 2026 • 4 min read
FCA Consolidation Review: Key actions for firms navigating M&A

FCA Consolidation Review: Key actions for firms navigating M&A

What does best practice look like?

Professional Adviser
clock 07 January 2026 • 4 min read
FCA removes regulatory permissions from advice firm over breaches

FCA removes regulatory permissions from advice firm over breaches

Ups assets restriction and notes unpaid FOS award

Jen Frost
clock 22 December 2025 • 2 min read