£45m mini-bond firm collapses after £236m LCF failure

Mini-bond firm Blackmore Bonds has collapsed this week owing £45m to investors in a move that echoes the recent failure of £236m mini-bond firm London Capital & Finance.

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546 firms report MiFID II errors to FCA

A total of 546 firms have admitted to errors in their MiFID II transaction reporting to the FCA since the new requirements began just under two years ago, according to a study out today.

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DB transfer complaints spike by 44% in a year

The number of customer complaints made to the Financial Ombudsman Service (FOS) relating to defined benefit transfers rose by 44% in 2018/19.

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Pensions Freedoms ‘make it easier for scammers’ says MD

The managing director of global advisor firm Duff & Phelps has said Pension Freedoms have encouraged scammers.

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