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PIMFA backs imminent FCA ban on CMC phoenixing 

Wealth management trade body PIMFA has welcomed news that the FCA will ban regulated firms ‘phoenixing’ into Claims Management Companies from 7 July.

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4th credit union collapses this year owing £1.3m

The fourth credit union to collapse this year has been declared in default by the Financial Services Compensation Scheme this week.

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FSCS warns about 2 firms targeting LCF victims

The Financial Services Compensation Scheme has taken the unusual step of naming two firms suspected of trying to scam LCF mini-bond victims.

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FSCS declares 5 failed firms in default

The Financial Services Compensation Scheme has opened the doors to compensation on five failed financial firms it has declared in default.

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