The Financial Conduct Authority said Thursday that it has provisionally fined and banned an adviser from working in financial services for "recklessly" giving unauthorized pension transfer advice to dozens of clients.
The Financial Conduct Authority said Thursday that it has provisionally fined and banned an adviser from working in financial services for "recklessly" giving unauthorized pension transfer advice to dozens of clients.
Three former company directors were imprisoned for a total of more than 15 years on Thursday for fraudulently plundering investors' money from a £70 million ($94 million) tree plantation investment scheme.
A group of investors has sued British American Tobacco, adding to two separate group claims the cigarette company is facing after it failed to disclose information about its North Korean activities, resulting in it paying hundreds of millions of dollars in penalties.
Betting giant Entain has been hit with another claim by institutional investors after paying £615 million ($833 million) to settle an investigation into its alleged failure to prevent bribery by its operations in Turkey.
The Financial Conduct Authority has said it is turning the spotlight on incentive structures for outsourced handling of insurance claims, following a "super complaint" in late 2025.
Insurer Canada Life has taken on £400 million ($540 million) of retirement scheme liabilities from a plan sponsored by U.K. food manufacturer Samworth Brothers, in a deal guided by four firms.
