Duff & Phelps
Insurers fail to pay mini-bond victims
As bondholders face losing any redress on £46m investment
UK regulator extends SMCR deadline
But watchdog warns firms not to wait until the last minute
‘Significant shortfalls’ for investors of failed mini-bond firm
Company only had £906 in its bank account when it entered administration
7 advice firms hit with FCA skilled-person reviews since 2017
They had to collectively fork out over £300,000 to pay for the investigations
FCA third-party reviews soar in 2019/20
But retail investment and pension companies received relatively few