A total of 42 claims management companies (CMCs) have either withdrawn their application or been denied regulatory approval by the FCA, a freedom of information request by Professional Adviser has revealed.
Last April more than 900 firms applied for temporary regulatory permissions so they could continue operating while they went through the regulator's authorisation process. The temporary permissions mean...
Expected by Q2 2021
Rolls-Royce to cut 9,000 jobs
Data live from December
'No stone will be left unturned by regulators'
Scams prevention given weight
Netwealth on hunt for IFAs
From new attitudes to life, to how they approach investing, the wealth outlook is different for baby boomers, millennials and generation Z. Professional Adviser investigates how this may impact their retirement.
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...