Though there are fewer S166 reviews under the FCA the average cost has more than quadrupled to £3m.
Treasury select committee chair Andrew Tyrie says he is “particularly concerned” about cost to firms and customers.
Financial adviser banned and fined by the FCA misled thousands of consumers.
The RBS group says the review into the suitability of investment advice pre-RDR is currently “ongoing.”
Regulator asks firms to review complaints about missold PPI as redress bill hits £16bn.
Ardevora partner Jeremy Lang says the UK supermarket “significantly underestimates the market’s structural evolution”.
Director of London-based advice firm promoted Ucis without adequate checks.
Average UK property increased in valued by 11 per cent year-on-year in August.
Japanese GDP contracted sharply during Q2 following increase in consumption tax.
Despite £16bn in consumer redress some firms are still refusing to face up to what they have done.
Some advisers’ clients may be held on a platform for historical reasons rather than being the adviser’s actual platform of choice.
Slowly the wheel has turned, and many IFAs now seem ready to build a bit more scale on top of the solid foundations they have carefully built