FCA
Tilney and Smith & Williamson merger delayed
‘Unprecedented circumstances have inevitably led’ to a postponement in the M&A deal
Complaints to UK regulator soared in H2 2019
Increase of two million complaints but average redress lower than first half of the year
UK regulator bans financial adviser involved in £4.5m fraud
He ‘used a web of deceit to encourage investments into bogus schemes’
UK watchdog proposes 1.6% rise in adviser regulatory fees
But, due to coronavirus, 71% of firms that pay minimum levies will see no change
PI premiums are back with a vengeance
One advice firm saw its 2020 cover rise by 400% despite no claims or DB transfers