The FSA must close a ‘liquidation loophole' which many advisers use to shuffle the cost of complaints onto the industry-at-large via the FSCS, according to a claims management firm.
Paul Nedas, chief executive of Financial Advice Liability, says he knows of a number of firms which have entered voluntary administration rather than pay large excesses on their professional indemnity...
Slow progress in improving diversity
Share purchase deal with assets of £28m
Came into effect in January
Three examples of compensation rule issues
Buying in baskets