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Pressure from estate agents to use in-house advisers harming consumers

Potential homebuyers are being pressured by estate agents to use their in-house mortgage and conveyancing teams, leaving some able only to access advisers with restricted lender panels. An investigation by Money Marketing’s sister title, Mortgage Strategy, found dozens of cases of customers across the UK being pressured or ordered to use estate agents’ in-house staff, […]

Royal Court of Justice High Court 480

FCA delayed shutting down DFM over FBI investigation

An undercover investigation by the FBI was behind a delay in the FCA’s decision to shut down London-based discretionary fund manager Beaufort Securities, according to reports. The FCA postponed action as far back as December against Beaufort to allow US authorities to finish gathering evidence, the Times says. The UK watchdog was considering forcing the […]

Royal Court of Justice High Court 480
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Court allows FCA to submit evidence in Sipp claims case

A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]

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