Legal & Regulation

COMMENT

PIMFA welcomes FCA plans to stop Claims Management Companies from 'Phoenixing'

PIMFA welcomes FCA plans to stop Claims Management Companies from 'Phoenixing'

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has welcomed proposals from the Financial Conduct Authority (FCA) that would ban claims management companies from managing Financial Services Compensation Scheme (FSCS) claims where they have a relevant connection to the claim; a practice known as 'phoenixing'.   

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PIMFA welcomes FCA proposals to enhance consumer protections but warns against unintended consequences

PIMFA welcomes FCA proposals to enhance consumer protections but warns against unintended consequences

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has given a cautious welcome to the Financial Conduct Authority's proposals to enhance consumer protections in the consumer investment market; yet it warns against unintended consequences.

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Coalition of organisations urges UK government to use Online Safety Bill to protect people from an avalanche of online scams

Coalition of organisations urges UK government to use Online Safety Bill to protect people from an avalanche of online scams

A coalition of organisations championing consumers, and representing civil society and business, have today joined forces to warn that the UK risks failing in its ambition to be the safest place in the world to be online, unless it uses new laws to protect people from an avalanche of online scams.

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PIMFA welcomes enhancements to consumer protection in Work and Pensions Committee Report

PIMFA welcomes enhancements to consumer protection in Work and Pensions Committee Report

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has welcomed the enhancements to consumer protection laid out in the new Work and Pensions Committee Report 'Protecting pension savers - five years on from the pension freedoms: Pension scams'. 

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PIMFA welcomes continued relaxation of 10 per cent rule and consultation on permanent change

PIMFA welcomes continued relaxation of 10 per cent rule and consultation on permanent change

PIMFA, the trade association for the wealth management, investment services and the investment and financial advice industry, has welcomed the announcement that the Financial Conduct Authority (FCA) is extending the relaxation of the 10 per cent depreciation notice requirement for firms until the end of 2021 and will consult on permanent change.