IFA

SCOTLAND

A couple are facing poverty in retirement and risk losing their home after their IFA advised them to invest in a high risk scheme that has left them £500,000 in debt.

Half of advisers do not believe single platform use should compromise their independent status, a poll suggests.

The Financial Conduct Authority (FCA) has banned an IFA and fined him £10,000 for giving poor advice, including on high risk products.

More than half of consumers believe they would benefit from seeking financial advice, according to a report out today.

The Financial Services Compensation Scheme (FSCS) has paid out £5,696,776 in claims related to failed contracts for difference (CfD) trader Direct Sharedeal - with liabilities falling on investment advisers.

The Serious Fraud Office (SFO) has said it, together with Essex Police, is continuing to investigate complaints into troubled overseas property company Harlequin.

A couple is pursuing national IFA firms Positive Solutions and 2plan Wealth Management for what they claim was negligent advice to invest in high risk unregulated investments - including using money they had received from a critical illness (CI) payout....

Bellpenny, the national wealth manager and IFA acquirer, has completed the acquisition of Meridan Park Associates (MPA), an IFA based in Newbury, Berkshire.

Crewe-based Jones Sheridan Financial Consulting has purchased Congleton-based Wealth and Trustee Management, the latest in a string of recent acquisitions.