PIMFA, a trade association for the wealth management and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) call for evidence on way to improve the consumer investment market.

Each year, millions of pounds of hard-earned pension savings are stolen by scammers. Since 2017, a total of GBP30,857,329 has been lost to such scams, but this could be just the tip of the iceberg given many victims are unaware they have fallen victim to a fraud. 

The True and Fair Campaign, led by campaigner and businesswoman Gina Miller and leading fund manager Alan Miller, has sent an Open Letter to the Chairman and members of the Treasury Select Committee calling on the Committee to investigate the circumstances in which the Financial Conduct Authority (FCA) launched a Consultation to reform the Compensation Scheme for victims of financial loss resulting from regulatory failure by the FCA, as required by the Financial Services Act 2012.

Urgent and decisive action must be taken by the police, Government and pensions industry to stop scammers stealing people’s life savings, according to a new study.

T-Scape is developing a solution to help wealth managers and other Intermediaries meet one of the regulatory requirements of the Shareholder Rights Directive (SRD) II that comes into effect on 3 September 2020.

PIMFA, the trade association for the wealth management and financial advice industry, has welcomed the launch of an investigation by the Work and Pensions Select Committee of MPs into pension scams and their detrimental impact on consumers. 

Fraudsters are targeting retail investors in new, sophisticated and large-scale scams, convincing some savers to purchase bogus investment products and disclose their personal details, according to a warning from the Investment Association (IA).

PIMFA, the trade association for the wealth management and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) announcement that it intends to make the ban on marketing of so-called mini bonds, introduced in January, permanent.

The UK’s Financial Conduct Authority has set out plans to tackle unsuitable advice given to those considering transferring out of a defined benefit pension scheme. 

Businesswoman, campaigner and philanthropist Gina Miller is aunching a new initiative, www.messagesoflove.co.uk, to provide the British public with a simple, safe and secure way of leaving private messages for loved ones during uncertain times due to the Covid-19 pandemic.