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FSCS adds 2 advisers to list of failed firms

The FSCS has added Knight Wealth Management Services and IFA Home Counties to its list of failed firms this morning.


FSCS welcomes clampdown on adviser phoenixing

The Financial Services Compensation Scheme (FSCS) has welcomed the Financial Conduct Authority (FCA) consultation paper tackling phoenixing saying it will help “keep bad actors out of the market”.


Advisers unlikely to benefit from £206m FSCS levy cut 

The FSCS has cut its latest levy forecast by £206m from £1.04bn to £833m but the body has warned that the levy on advisers is unlikely to change.


FCA considers expanding high-risk investment classification

The Financial Conduct Authority (FCA) has said it is considering expanding the classification of high-risk investments to include more types of investments which should be subject to marketing restrictions in its proposals to strengthen financial promotion rules.

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