FCA
PI costs take heaviest toll on small firms
Advisers regularly report that premiums ‘have become prohibitive’
FCA must offer more guidance on future Priips performance
‘Investment companies are still at a disadvantage in having to produce these toxic disclosures’
FCA expects platforms to strengthen IT systems
After ‘severe’ disruptions caused ‘harm to consumers and negatively affected market confidence’
Unauthorised adviser sent to prison for four years
He pleaded guilty to fraud and carrying out regulated activities
UK regulator bans jailed financial adviser
He stole more than £600,000 from family members