Financial Conduct Authority

‘Trade bodies and FCA are both funded by us so should be giving back more’

Lancashire-based PH7 Wealth Management is no longer authorised

WR Simon Ashley Silver Independent Financial Advisor has been declared failed

Majority (98%) already use third-party discretionary investment services

Comes after the SIPP operator was declared in default by FSCS

Ombudsman expects to receive 12,800 investment and pensions complaints

‘They should embrace the spirit in which the regulation has been created’

Pension Advice Specialists, trading as Ashworth Wealth, no longer exists

‘It starts from the manufacturers and producers down to the advisers'

The regulator will share its findings by end of the year