FCA denies 12 advice firms authorisation following phoenixing suspicions
131 firms have authorisations revoked
The Financial Conduct Authority (FCA) has clamped down on consumer investment harm and prevented 12 firms from gaining authorisation following suspicion of phoenixing in the first 10 months of 2020.
In a consumer investment report issued on Monday morning (18 January), the financial watchdog highlighted several ways in which it is working to protect consumers from investment harm by disrupting potentially...
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Major tech changes more likely to cause incidents - FCA
Major technology changes lead to more incidents than lesser ones within financial services firms, research by the Financial Conduct Authority (FCA) has found, and the regulator said while effective risk management is an important component to success....
Fraudsters target SJP clients in clone scam offering advice
Pretending to be SJP adviser
Advisers to be levied £240m again as FSCS announces £1bn overall levy
'Cannot normalise this level of loss'
Treasury Taskforce to address FSCS levy concerns and work with FCA
Plus online scams
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Timeline enters fact find and risk profiling markets
Launches soon
Colin Simmons: Putting lockdown savings to tax-efficient use
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Chancellor Sunak 'likely' to freeze lifetime allowance - reports
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Ascot Lloyd grows war chest to £100m after deal with US investment group
Made 12 acquisitions in 2020
