FCA bans Simon Hughes for failures in advice given to British Steel Pension Scheme Members.
Related topic: Regulation
The firm's business and client base presented potentially high levels of money laundering risk.
The FSCS has paid compensation of over £19.8 million to 511 of Active Wealth’s former customers.
The regulator says it will “take its time” to get the review right.
Peter Labrow, head of marketing at MorganAsh, explains why - in a Consumer Duty landscape - some training is needed and will play a critical role, but technology will be an integral...
The FCA has required those firms which fell short to improve the quality of their advice.
The tech aims to help regulated firms identify potentially dirty money in just one minute.
The FSCS has so far paid out almost £3 million in compensation to Mansion Park customers for the unsuitable advice they received.
Consumer Duty calls out client feedback as a key data point for firms.
Firms will need to apply to the FCA ahead of the new rules coming into force on 7th February 2024.
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