FCA
UK IFA firm fails
With the FSCS receiving claims in regard to the British Steel Pension Scheme
Retail investment advice revenues increase by 3%
As firms pay £166m in professional indemnity premiums
FCA halts plans for simplified advice following ‘limited’ industry support
As regulator pushes on with review into advice/guidance boundary
FCA wins civil case against care home investment scheme
Victims invested around £57m
Best Practice | 31 Jul 23
Advisers expect a drop in profitability due to Consumer Duty
Outsourcing ‘elements of the value chain can ease the heavy lifting’