Phoenixing
17 investment firms blocked by FCA due to phoenixing fears
As executive director of enforcement and market oversight steps down after seven years at UK regulator
Advice trade body calls for reform of UK lifeboat scheme
Phoenixing is allowing ‘firms that simply should not be in business’ to transfer compensation burden
Is the FCA too late to act on phoenixing?
Calls for more scrutiny of advisers setting up firms when they have existing licences
Dearth of DB schemes to hurt retirees
As unsuitable transfers could mean up to £20bn in lost income over five years
UK regulator cracks the whip at pension transfer rogues
It banned around 70% more people last year compared to 2017