Tax & Regulation
Advice firms get 5 days to tell FCA about inadequate PI cover
As ombudsman compensation limit more than doubles to £350,000 from 1 April 2019
Over 125,000 people have lost money to pension scams
Around a quarter of a million retirees have been contacted by fraudsters at least once
UK regulator logs 31% drop in misleading adverts
FCA said its powers are an ‘effective deterrent’ but it still has four requests a week, on average
Claims management companies fall under UK watchdog
But won’t have to contribute to Financial Services Compensation Scheme (FSCS) levy
Advisory firm boss charged with stealing $6m
He also defrauded investors by inflating their bills