FCA's Megan Butler gives punchy warning on phoenixing and 'lifeboating'

PIMFA Virtual Fest

Hannah Godfrey
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Megan Butler: “As firms, we aware we’ll be onto you, and we’ll use all regulatory tools available to stamp it out."
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Megan Butler: “As firms, we aware we’ll be onto you, and we’ll use all regulatory tools available to stamp it out."

FCA executive director of supervision Megan Butler has warned advisers "we'll be onto you” should they carry out behaviour like phoenixing, lifeboating or setting up claims management companies to handle complaints against them.

Speaking at the Personal Investment Management and Financial Advice's (PIMFA) inaugural Virtual Fest on Thursday (4 June), the Financial Conduct Authority (FCA) executive director gave firms a punc...

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