A network of financial advisers, which has been fined millions of pounds by the FCA since 2013, would go under without support of its parent firm, documents suggest.
The FCA has criticised providers of savings accounts, saying that competition in the cash savings market is "not working well" for consumers and it should be easier for them to shop around for a better deal.
More financial services firms shed staff than hired them during the last quarter of 2014 – despite the majority of the sector reporting rising business volumes.
The parent company of an advisory firm, which was fined £12m by the FCA and banned from hiring advisers last summer, is on the verge of being acquired in a £2.7m deal.
The FCA should be "extremely concerned" if its solution to solving the advice gap is through automated tools rather than human Financial Planners, George Kinder says.
A new charging structure has been set out by Ascentric, which it hopes provide advisers with more options for their clients while aiding its ambition to be seen as the platform of choice.
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