One in six ambulance chasers failed to get FCA authorisation so far
Still processing 590 applications

A total of 42 claims management companies (CMCs) have either withdrawn their application or been denied regulatory approval by the FCA, a freedom of information request by Professional Adviser has revealed.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...
More on Regulation
Investment Association eyes Global and Specialist sectors split
Expected by Q2 2021
FCA issues data request to 65 advisers over Rolls-Royce DB pension scheme
Rolls-Royce to cut 9,000 jobs
Advisers urged to complete directory data submission before Christmas
Data live from December
Simone Gallo: When MiFID II and ESG collide
'No stone will be left unturned by regulators'
FCA opens applications for Covid-19 regulatory sandbox
Scams prevention given weight
More news
Three things your clients may call you about this week ...
Netwealth on hunt for IFAs
Partner Insight: How can advisers bridge the retirement generation gap?
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.
UK borrows £34bn in December as public sector debt set to increase through 2021
Third highest monthly figure since 1993
Advisers to be levied £240m again as FSCS announces £1bn overall levy
'Cannot normalise this level of loss'
Daniel Baade: The rise of debt financing in IFA M&A
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...