The Council of Mortgage Lenders has taken steps to stamp out the current rampant fraud problem in the UK new-build sector.
The Chartered Insurance Institute has established a taskforce to plan for possible RDR qualification requirements, following a 60 per cent increase in individuals enrolling in diploma exams this year.
Last week, I received an email from an IFA accusing me of being a w****r, “along with your mates at the Consumers’ Association, who promoted endowments in the 1980s and then said the opposite a few years later”. Regarding the gibe at the Consumers’ Association, now called Which?, I am familiar with the allegation that […]
By increasing transparency and publishing firm-specific information the FSA risks “publishing for publishing’s sake” rather than achieving any real value for consumers, according to the Investment Management Association.
By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]