UCIS

The Financial Services Compensation Scheme (FSCS) has said the 150 claims it is investigating against poor advice to invest in apparently tax efficient schemes relate to business written in the decade from 2000.

The Financial Services Compensation Scheme (FSCS) has begun processing about 150 individual claims related to advice to invest in tax 'mitigation' schemes after being given the green light by lawyers.

The highest court in the UK has backed the Financial Conduct Authority (FCA) in a landmark case that could have far-reaching consequences for risky ventures.

The Financial Conduct Authority (FCA) has admitted a break down in discussions led to it failing to achieve a redress deal for investors in collapsed firm Connaught, causing further delays and "serious distress" to investors.

The Financial Ombudsman Service (FOS) has warned an increasing number of advised clients are reviewing their investments in unregulated collective investment schemes (UCIS) with a view to making a complaint.

Another person has been jailed for his role in running a "subtle and cruel" unauthorised collective investment scheme (UCIS) which lost investors a total of £4.3m.

IFA Nick Bamford accepts Rory Percival's challenge over FOS verdicts

An adviser fined and banned by the Financial Conduct Authority (FCA) for recommending unsuitable investments to lower income clients is working as an adviser to expatriate clients in Dubai and the Middle East.

The Financial Conduct Authority (FCA) has banned and fined a financial adviser for making unsuitable recommendations of high-risk and often unregulated investments.

Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.