Three things your clients may call you about this week …

Advisers turned claims sharks

clock • 2 min read

Advisers turned 'claims sharks', pension contributions and investors' income - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend..

Claims sharks who once flogged the deals they say are mis-sold Financial advisers are also setting up as claims management services, creating concerns that staff are recommending unwise investments and then further profiting from the payouts resulting from their bad advice, The Sunday Times reports. A freedom of information request by the Sunday paper found 30 advice firms also offer claims management for mis-sold investments, and another 15 previously authorised to give financial advice now offer only claims management. Candid Financial Advice adviser Justin Modray tells the paper...

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 Your profession

Nearly half of advised HNW clients unaware of CGT allowance

Nearly half of advised HNW clients unaware of CGT allowance

Charles Stanley finds

Sahar Nazir
clock 25 November 2025 • 2 min read
CII launches vulnerability guide

CII launches vulnerability guide

For insurance and personal finance

Isabel Baxter
clock 25 November 2025 • 3 min read
Craven Street Wealth expands footprint as Pharon IFA joins business

Craven Street Wealth expands footprint as Pharon IFA joins business

It will now serve more than 5,800 clients

Sahar Nazir
clock 25 November 2025 • 2 min read