13 member firms to oversee project
Launches Wednesday 22 November
Advisers urged to start planning
'Worse than high street banks' - Nutmeg's Shaun Port
The Financial Conduct Authority (FCA) will use the data it collects in the retail investment space, including from advisers, to see whether its new information-gathering strategy is working.
The insurance industry is being held back by poor data capture, substandard analysis and lack of integration between systems, Medicals Direct Group has said.
Her Majesty's Revenue and Customs'(HMRC) power to access and gather data is eroding trust in the organization and must be checked, the Chartered Institute of Taxation said.
The FSA will use new rules requiring firms to publish the complaints records of their advisers to help "build an overall picture" of individuals, but it has promised to investigate fully any cases that give it cause for concern and says it will only ban...