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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.


PIMFA urges LCF-style deal for BSPS victims

Wealth management trade body PIMFA has urged MPs to consider a Treasury-run compensation package for British Steel Pension Scheme victims similar to the one used for London Capital & Finance mini-bond investors.


Online Safety Bill to include paid-for ads

Social media companies and search engines will be responsible for preventing paid-for scam adverts on their platforms under a new amendment to the draft Online Safety Bill.


PIMFA calls for extension of Consumer Duty implementation

Wealth management trade association PIMFA has called on the Financial Conduct Authority (FCA) to extend the proposed implementation period for the new Consumer Duty proposals.

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