The bills that can be racked up related to inappropriate introductions can be quite extraordinary.
The High Court has ordered unregulated pension introducers Avacade and Alexandra Associates, as well as their directors, to pay a combined and quite frankly staggering £17,450,000 in restitution to members of the public who were convinced to transfer their pensions into self-invested personal pensions (SIPPs).
It is becoming increasingly clear that rather than case by case, we need a clearly defined FCA strategy towards introducers. I mean what was the RDR all about if firms can simply swerve the obligations by operating in the execution only world.
Insurers paid £90m in death claims during the months when the coronavirus was at its peak between the start of March and the end of May figures from the ABI suggest. That represents around £980,000 a day covering 7,000 claims.
Dynamic Planner has expanded its risk ratings to cover investment trusts.
HMRC admits that it overpaid some grants to the self-employed but will not be seeking the return of the money.
Defined benefit transfer values reached record highs in July, with the number of savers making a transfer returning to pre-lockdown levels, according to data from XPS Pensions.
Father and two sons at Slipaczek Chartered Financial Planners are now chartered as Max joins father Filip and brother Alex in holding the qualification.