Insurance broker Towergate is in talks with the Financial Conduct Authority (FCA) over advice on enhanced transfer values (ETV) and unregulated collective investment scheme (UCIS) given to clients by its adviser arm Towergate Financial.
The group is conducting a review to identify whether any flaws in the sales process have caused customer detriment. Towergate said it stopped advising on ETV's - the value an employer offers an employee...
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September