Sadly there is another bit of nasty news for the sector as another fraud is admitted.
The North Norfolk News reports on two IFAs who defrauded 200 customers of £17m in a high risk investment scheme. Alan and Russell Taylor carried out the scam on investors through their companies Taylor and Taylor Associates and Vantage Investment Group.
The nine firms which have voluntarily varied their FCA permissions, given concerns about British Steel pension transfers say that they will talk to Money Marketing when they can but not for the moment.
Personal Touch Financial Services has compensated a client for an underperforming bond sold by an adviser who sounds as if he want off-piste so to speak. The investment was intended to pay annual interest of 15 per cent with the original capital returned in full at the end of a three year term, in April 2015 and unsurprisingly failed to deliver.
AJ Bell announces its IPO with exclusive shares for customers.
Megan Butler, the FCA’s director of supervision, explains to Corporate Adviser why they fined fund managers offering closet trackers.
Lifesearch’s Tom Baigrie argues that consumer experts should report more responsibly on the protection market.
This may sound rather odd. John Redwood, chief global strategist at Charles Stanley and, of course, a leading Conservative MP says that he is not worried about the budget deficit because Governments have been able to print money.
Paul Flowers, the former boss of Cooperative Bank is banned from holding a position in financial services firm over lewd calls and emails.
Professor John Kay says that the risk categorisation in key investor information document is positively misleading.
Workers are massively overestimating the support they will get from the state in the event of illness or disability says a Canada Life survey.