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The Financial Services Compensation Scheme has warned it is seeing an increase in consumers who have lost more than the total amount of compensation it can provide.
Alexander David Securities entered voluntary liquidation on July 1. After stopping the firm from disposing of assets without its approval due to unpaid compensation, the FCA said it “remained concerned” that the firm was not able to meet its debts as they fell due.
FSCS to pay out £44million on Lifetime Sipp but more claims on way. The liquidators said the process could take another two years to complete.
Investment firm Vector Wealth has entered into administration and is currently being investigated by the Financial Services Compensation Scheme on the investment services it provided.
The Financial Conduct Authority has cancelled the permissions and authorisation of IFA Frensham Wealth Limited, saying it had "serious concerns"
The Financial Services Compensation Scheme has declared a Nottingham-based advice firm - Hamilton Rose Wealth Management Ltd, trading as Athena Wealth and as theisaexpert.co.uk in default, one month after it was struck off the Companies House register.
The Pensions Ombudsman has launched a new specialist team dedicated to investigate breaches of trust, and allegations of dishonest and fraudulent behaviour by pension scheme trustees.
The Financial Services Compensation Scheme (FSCS) is encouraging clients of defunct Sipp provider Forthplus Pensions to bring claims against their financial advisers.
The Financial Services Compensation Scheme has declared a Swansea advice firm Foresight Financial Services Ltd in default.
The Ministry of Defence will have to reinstate a former member to the Armed Forces Pension Scheme and pay him £2,000 for severe distress and inconvenience.
The Financial Services Compensation Scheme has paid out £51.8m in compensation on claims it received against defunct self-invested personal pension provider Liberty Sipp.
The Financial Conduct Authority has proposed tougher measures to tackle harm caused by the appointed representatives regime.
At least 25 firms issuing mini-bonds have collapsed since 2018 according to data from the Financial Conduct Authority.
The Financial Services Compensation Scheme (FSCS) paid out £123m for claims relating to SIPPs in its 2018/19 financial year - up £11m from the previous period.
An unauthorised airport car parking investment scheme 'Park First' operator has closed some of its schemes following discussions with the FCA.
Downing, a London based investment manager, has notified clients and advisers about the drop in value of its Downing Renewable EIS portfolio, which was launched in 2012 and carries a 30 per cent income tax relief.
A law firm has issued five cases against Sipp administrator Guinness Mahon Trust Corporation over allegations it worked with unregulated introducers to facilitate non-standard investments.
Advice firm Lansdown Place Financial Management must compensate a client who complained about the transfer of their pension into a Harlequin fund through a Lifetime Company Sipp.
Compensation claims against collapsed Sipp firm Lifetime Sipp Company have been valued at nearly £56m.
The FCA and the Insolvency Service have signed a new deal to crackdown on misconduct after firms collapse.
The Financial Conduct Authority (FCA) sent out a 14 section strong request for information to some advice firms as part of its platform market study, Professional Adviser can reveal.
Several pension schemes, including the Capita Oak Pension and Henley Retirement Benefit plans, and self-invested personal pensions (Sipps) are being investigated as part of the probe which covers investments made since 2011.
Outlawing unsolicited calls or emails about pensions will fail to stop scammers who have stolen increasingly large amounts of cash from unsuspecting savers, experts have warned.
From ostrich farms to "rare earth" metals, we round up the investments that are simply too risky for pension savers
FCA: Only half of DB transfers rated suitable
Sesame to pay redress over Sipp investment in Cape Verde fund
London-based fund firm Beaufort Securities has been charged with money laundering and securities fraud by the US Department of Justice, the FCA has revealed.
The Financial Ombudsman Service has told an adviser 'O'Rourke Partnership' to compensate a client who they told to make an unsecured loan to a third party with money from their Sipp.
The regulator applied to the High Court to place Beaufort Securities Limited and Beaufort Asset Clearing Services Limited into insolvency after assessing the firms’ finances.
Two Norfolk based financial advisers have plead guilty to using a high risk investment scheme to defraud more than 200 investors out of pension savings worth £17m.
The Financial Ombudsman Service has ruled against Intrinsic Financial Planning over a client who switched his personal pension to a self-invested personal pension in order to invest in Harlequin.
The Financial Ombudsman Service has told advice firm Kingsway Wealth Management to compensate a client who invested his pensions into residential apartments in Limassol, Cyprus.
The FCA is warning consumers to be wary of any contact out of the blue by call, email or text offering to discuss their pension or a free pension review.
The Financial Ombudsman Service has ordered wealth manager Coutts & Company to pay compensation
Fool’s gold: How Mifid II has revealed the true cost of funds; Pensions Ombudsman sides with Aegon over ‘misleading’ fund fact sheet claim
The Financial Conduct Authority (FCA) has warned Sipp providers about the possibility of pension scams using a discretionary fund manager (DFM) structure to hide underlying investments.
Sipp firms are bracing themselves for more regulatory inspection as the Financial Conduct Authority (FCA) takes another look
Advisers have criticised the Government’s decision to push back legislation...
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