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Tag: FSCS

FCA Announces that IFAs are to Disclose Esoteric Investment Recommendations

6th November 2017
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| Categories: Financial Services News

  The FCA has recently announced that IFAs are to disclose more risky investment strategies which they have recommended to their clients The FCA’s reforms follows its review of the Financial Services Compensation Scheme (FSCS); from 2013-2016 around a third of FSCS claims were linked to the sale of esoteric investment plans by Advisers. During the consultation The FCA did not address the proposal that Advisers selling higher-risk products were…

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Quick stats

8th April 2016
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| Categories: Employment Market indicators, Statistics

Pensions uncertainty Almost half of business owners without a workplace pension scheme are still unclear about their responsibilities, with a quarter not confident their business can cope. and FSB pole has found… 26% The proportion of small firms that say they would recommend their bank to others – up from 23% in 2014. £255bn The amount owed by British small firms in late payment according to insurance firm Zurich.

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The Week in Numbers – 13th Oct

13th October 2015
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| Categories: Financial Services News, Statistics

The Week in Numbers – 13th Oct 2015 6 – Number of former brokers standing trial at Southwark Crown Court facing charges of Libor rigging 80% – Proportion of cash lump-sum withdrawals since pension freedoms made by savers under 65, according to the ABI £35K – Funds pledged by the CISI to promote financial planning following its merger with the IFP £3.5m – Cash injection secured by adviser reviews…

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The Week in Numbers – 30th July

30th July 2015
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| Categories: Financial Services News, Statistics

The Week in Numbers – 30th July 186 – Visits made to Barclays by the FCA during 2014, according to a Freedom of Information request – the most of any British bank 145% – Jump in compensation paid relating to investment advisers in 2014/15, totalling £183m, according to the FSCS annual report £20bn – Savings Chancellor George Osborne is demanding of Government departments over the life of the new…

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Snap Shot Headlines 7th May

7th May 2015
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| Categories: Financial Services News, Statistics

Snap Shot News Headlines “Advisers seek end to ‘galling’ FSCS levy hikes” The Financial Services Compensation Scheme has announced a shock increase to the levy required of Pensions Advisers. Originally expected to be £57m, it has now risen to £100m. The Life and Pensions advisers have attacked these increase charges amid concerns that firms could be forced out of business. A further concern is that the increase hike designed…

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The Week in Numbers

6th May 2015
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| Categories: Financial Services News, Statistics

The Week in Numbers 12% – Drop in mortgage lending reported by Santander in its Q1 results 0.3% – GDP growth in the UK in Q1 2015, according to the ONS £100m – FSCS levy for life and pensions advisers in 2015/16, up from £24m in 2014/15 £80m – value of 40% stake in a property joint venture sold by Henderson to TIAA-CREF £85m – Estimated market capitalisation of…

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