Unregulated collective investment schemes
Paid £39,000 'deposit'
Part of up to £66m in compensation to investors
Nearly 80% of SIPP invested in UCIS
85% of pension fund in UCIS
Sentenced to 16 months
Fined and banned by FSA in 2012
Time for action
Fraudsters cold-called investors
All convicted last year
What made financial headlines over the weekend?
Goverment plans to adopt MiFID definition of advice
Firm had passported into UK
Liability debate re-opened
Discovered a string of failings
FOS rules execution-only not valid
Group retains liabilities for now-sold-off advisory unit Towergate Financial
SSAS scheme transfer warning
A tax avoidance advice 'timebomb' built up over a decade could send a "significant" number of new claims to the Financial Services Compensation Scheme (FSCS) now that the body has agreed to deal with similar cases, a firm representing unhappy clients...
The Financial Services Compensation Scheme (FSCS) has said the 150 claims it is investigating against poor advice to invest in apparently tax efficient schemes relate to business written in the decade from 2000.
The Financial Services Compensation Scheme (FSCS) has begun processing about 150 individual claims related to advice to invest in tax 'mitigation' schemes after being given the green light by lawyers.
The highest court in the UK has backed the Financial Conduct Authority (FCA) in a landmark case that could have far-reaching consequences for risky ventures.
The Financial Conduct Authority (FCA) has admitted a break down in discussions led to it failing to achieve a redress deal for investors in collapsed firm Connaught, causing further delays and "serious distress" to investors.
The Financial Ombudsman Service (FOS) has warned an increasing number of advised clients are reviewing their investments in unregulated collective investment schemes (UCIS) with a view to making a complaint.