Bank accused of missing basic due diligence checks as £34m was deposited into WealthTek client account

To help consumers make better financial decisions

Regulator asked to report on how well rules are working

Charging structure overhaul ‘proves’ otherwise, he says

Reduced from six to four months for complete applications

New fee model removes early withdrawal charges and introduces tiered advice rates

‘They’ve smashed complex pensions and complex IHT together’

According to the FCA report 2024-2025

Platform firm moves forward with Wipro-led transformation despite fall in profitability

System aims to streamline client onboarding