£17m fraud firm one of 21 firms declared in default by FSCS
A recent ruling by the Financial Services Compensation Scheme has seen 21 companies declared in default. One of the most notable names is Vantage…
FSCS pays out over £17m for claims against SIPP firms
The Financial Services Compensation Scheme has recently had to pay out more than £17m for claims made against three SIPP operators who were declared…
Large FCA fines for directors over ‘high risk’ pension transfer advice
Bank House Investment Management, a UK advice firm, received a fine of £311,639, while Financial Page & Henderson Carter Associates were hit with public…
Advice firm in FSCS default after 4 FOS complaints upheld
A Glasgow-based advice firm, Allan McRoberts, which has been trading under the name AM Wealth Management Services, have had four recent Financial Ombudsman Services…
FCA figures show over £190m lost to fraud last year
A recent report from the Financial Conduct Authority has told UK investors that they should be informed on the dangers of investment scams, with…
Two fraud victims have lost £1m pensions, watchdogs reveal
Recent reports show that at least two victims in the UK have seen their £1million pension pots lost to fraudulent traders. Both the police…
Advice Firm Facing Pension Complaints Goes Bust
Consumer Wealth, a financial advice firm who have received complaints about pensions, has recently gone into liquidation, with a list of 13 complaints against…