FSCS
Just 12% of UK retirees have taken advice from an IFA
As 20% said they considered riskier pension products for the higher rate of interest
Advisers worried higher levies will hurt clients
And impact their profitability as current climate is seen as unsustainable
Mini-bond victims to appeal FSCS judicial review
Judge expressed ‘greatest sympathy’ for investors but dismissed their claim
Industry ‘inherently contradictory’ on how to tackle FSCS levy
UK watchdog says it would be ‘utterly absurd’ to claim there is nothing it could do
5 advice firms declared in default in first two months of 2021
Four life and pension companies also shut up shop during the period