Following the Financial Advice Market Review Report the FCA has published a new webpage providing information on the payment of initial advice charges for advice on lump sum investments to retail clients. The webpage sets out how firms who permit clients to pay in installments for advice on a lump sum investment are afforded some […]

Couple lost £43k in 18 months on £700k investment as banking crisis emerged A judge has rejected a couple’s claim their adviser breached a continuing duty of care to them by failing to “correct” his original recommendation of a medium risk portfolio following the onset of the 2008 market crash. Judge Andrew Keyser QC ruled […]

The Financial Conduct Authority has banned and fined a financial adviser £10,000 over his failure to collect and record the necessary information about clients who were advised to invest in high risk products such as unregulated collective investment schemes. In a decision notice, published today (4 November), the FCA fined financial adviser Clive Rosier, the […]