The Financial Conduct Authority (FCA) worked with the industry in 2015/16 to put in place 23 redress schemes, which the regulator expects should ultimately deliver £334m to tens of thousands of customers.
According to its third annual report, published today, the FCA also issued 17 fines against individuals totalling £4.2m over the year, as well as banning 24 people and seeing jail sentences totalling 32...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till