FOI
Over 1,000 firms exit DB advice space in two years
Companies risk ‘dramatic’ financial impact for clients if transfer goes wrong
Over 20 mini-bond companies shut up shop in four years
Regulator does not ‘routinely collect data from firms on their issuing/distribution of these products’
Fourfold increase in UK investment fraud reports in five years
But fall in number of convictions shows ‘legal deterrent is practically non-existent’
Mass UK adviser exit fails to materialise
A sharp 60% drop had been expected post-RDR, Keith Richards says
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