Industry
Lifeboat scheme declares six UK firms in default
Majority of the businesses were based in the south west of England
Firm linked to London Capital & Finance has collapsed
It raised almost £8m by selling mini-bonds to hundreds of investors
Client poaching issues for advisers looking to outsource
Only 53% are comfortable working with an investment partner with advice arm
Isle of Man investment platform receives banking licence
It will offer services to HNWs and corporate clients with at least £500,000 in assets
Sipp provider told to refund nearly £1m to investors
Clients were left with no money after it made high-risk unregulated investments