Yorkshire Bank has been accused of failing to help investors who lost money in failed property firm Arck, despite setting up a dedicated "support scheme" brokered by the Financial Conduct Authority (FCA), prompting a lawyer to raise the issue with MPs.
Arck used financial advisers to market unregulated ‘sale and repurchase' (SARP) property developments in Cape Verde and Canada, offering high returns with no risk to capital, to approximately 700 investors...
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body
Also plan to scrap NI on contributions
Eight-week high against US dollar
Lower cost option for advisers