Seven out of 10 Claims Management Companies (CMCs) contacted by the FCA in a recent intervention have halted unregulated claims activity.
Read more ...Kingswood secures £8m loan facility
- Friday, 16 February 2024
- Articles
Pollen Street Capital, the private equity owner of wealth manager and Financial Planner Kingswood, has greenlighted a new £8m unsecured debt facility for the business.
Read more ...FSCS declares 9 firms in default in 2 months
- Thursday, 15 February 2024
- Articles
The FSCS has declared nine financial services firms in default during December and January, including several financial advisers.
Read more ...Millions of over-55s in dark about State Pension value
- Thursday, 15 February 2024
- Articles
New research suggests millions of older pension savers have little idea about what the State Pension is worth - with 40% of 55 to 64-year-olds in the dark about their State Pension forecast.
Read more ...Treasury asks FCA to publish AI strategy
- Thursday, 15 February 2024
- Articles
The Treasury has written to the FCA and other regulators asking them to disclose their strategies on Artificial Intelligence (AI) regulation.
Read more ...FCA to quiz top 20 advice firms about ongoing fees
- Thursday, 15 February 2024
- Articles
The FCA is to quiz the 20 biggest advice firms about their ongoing advice fees and how they are monitoring implementation of the Consumer Duty.
Read more ...Virgin Money buys out Abrdn JV for £20m
- Wednesday, 14 February 2024
- Articles
Virgin Money is to buy Abrdn’s 50% stake in their joint venture called Virgin Money Investments.
Read more ...Global CFP numbers rise 5% with growth in UK
- Wednesday, 14 February 2024
- Articles
The number of Certified Financial Planner professional worldwide rose by 5.1% in 2023 to reach an all time record of 223,770.
Read more ...19 more firms join Women in Finance Charter
- Wednesday, 14 February 2024
- Articles
Nineteen new financial firms have today joined the Treasury-backed Women in Finance Charter which now covers over 400 firms and 1 million employees.
Read more ...3 arrested in major insider dealing probe
- Wednesday, 14 February 2024
- Articles
Three London-based men have been arrested on suspicion of insider dealing, conspiracy to insider deal and money laundering linked to organised crime.
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