FCA restricts twice as many investment firms
- Tuesday, 18 October 2022
- Articles
The Financial Conduct Authority has this year restricted twice as many firms in the investment market as it did last year, it has reported.
Read more...PIMFA backs imminent FCA ban on CMC phoenixing
- Wednesday, 08 June 2022
- Articles
Wealth management trade body PIMFA has welcomed news that the FCA will ban regulated firms ‘phoenixing’ into Claims Management Companies from 7 July.
Read more...Govt to tackle ‘phoenixing’ firms with new law
- Tuesday, 18 May 2021
- Articles
The Government is to give its Insolvency Service greater powers to tackle firms that try to ‘phoenix’ by setting up near identical new businesses to avoid liabilities and will also target directors who deliberately dissolve firms to avoid bills.
Read more...FSCS welcomes clampdown on adviser phoenixing
- Tuesday, 18 May 2021
- Articles
The Financial Services Compensation Scheme (FSCS) has welcomed the Financial Conduct Authority (FCA) consultation paper tackling phoenixing saying it will help “keep bad actors out of the market”.
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