Related topic: FCA

Charlotte Allen, chief compliance and risk officer at Key Group, explores the regulatory landscape - headwinds and tailwinds - for advisers in the later life lending market and the...

Overall, IFAs think the Review will bring positive changes for clients.

Advisers are urged to focus on the Consumer Duty challenge posed by the inclusion of unused pension funds in estates.

Investors were offered impossibly high returns of 1.4% a day, 7% a week or 350% a year.

Intermediaries don’t favour proposals for banks to take more risks.

The announcement follows last Friday’s landmark ruling by the Supreme Court.

WEIF value dropped from £10.1bn (May 2017) to £3.6bn (pre-suspension)

Investors were promised fixed returns and told the scheme was backed by the UK Government, claims the FCA considers were false or misleading.

The investments were high risk and hard to sell, leaving investor money trapped.

Last year's report informed the creation of a cross-industry “route of disclosure” guide.