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

Advisers report under 50s make up growing chunk of client banks

Advisers report under 50s make up growing chunk of client banks

Under 40s make up almost a third, FE Fundinfo research finds

Sophia Panayi
clock 02 June 2026 • 2 min read
How the 100-year life is reshaping financial planning

How the 100-year life is reshaping financial planning

'The financial planning sector needs to continue to evolve'

Chris Ball
clock 02 June 2026 • 4 min read
Tax a 'significant issue' for clients but capital loss tops concerns

Tax a 'significant issue' for clients but capital loss tops concerns

IHT on pensions concern near universal, Schroders finds

Sophia Panayi
clock 02 June 2026 • 3 min read