FCA
Two UK financial advice firms fail
After both companies were investigated by the FSCS earlier this year
FCA enforcement activity drops in last financial year
Cases opened against firms and individuals fell by 67% and 33%, respectively
Sipp sales reach highest level in five years
‘Savers are becoming increasingly confident in managing their own finances’
FCA: ‘Gaps observed in liquidity management’ could lead to ‘risk of investor harm’
Regulator warned that asset managers lack arrangements to combat market-wide redemptions
IFA banned over ‘unsuitable’ DB pension transfer advice
He has been told to pay £850,000 to the FSCS to compensate customers