United Kingdom
FCA takes legal action against unauthorised adviser
Watchdog claims he has been using social media platforms to give investment advice
Life insurer expands investment opportunities for DFMs
They will be able to create bespoke portfolios and reduce expenses
Tax avoidance products ‘in decline’ across the UK
But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’
Nearly half of UK advice firms will need to furlough staff
As 14% claim their business will go bust without access to funding
CISI to compensate fraud victims after website hack
Data taken from over 5,000 people with fraudulent activity attempted on around 700 cards