FSA

A former financial adviser and his business partner have today been sentenced to a total of two years and nine months for giving unauthorised advice.

A couple are facing poverty in retirement and risk losing their home after their IFA advised them to invest in a high risk scheme that has left them £500,000 in debt.

Network Pi Financial has lost another case at the Financial Ombudsman Service (FOS), this time over advice one of its appointed representatives gave to a World War 2 veteran to invest £90,000 in an unregulated collective investment scheme (UCIS).

The High Court has given the go ahead to around 550 investors to pursue Capita over losses they incurred when Arch Cru collapsed.

Former Charlton Athletic FC footballer Richard Rufus, who later began a career as a 'financial consultant', has been declared bankrupt.

A former adviser and his business partner were found guilty of six charges in relation to giving unauthorised advice and concealing facts by a court on Thursday.

SIPPS

REGULATION

Trail commission has a "genuine and legitimate place" in adviser remuneration and the Financial Conduct Authority (FCA) would be wrong to ban future payments on undisturbed pre-Retail Distribution Review (RDR) business, according to Scottish Life.

A group of up to 1,000 investors in failed fund range Arch Cru have joined forces to bring a case against the vehicle's authorised corporate director Capita Financial Managers - and have found a top London law firm, favourable counsel's opinion and third...