Heritage Pensions Limited (Heritage), is a SIPP operator authorised and regulated by the FCA. On 17 March 2022 the directors appointed Paul David Williams and Edward Robert Bines of Kroll Advisory Ltd (“Kroll”) as joint liquidators. The liquidators are all qualified insolvency practitioners
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Heritage Pensions Limited in liquidation
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Business Loan Network Limited enters administration
On 15 April 2021, the Directors of Business Loan Network Limited, a regulated Peer-to Peer (P2P) firm, received court approval to place the firm into administration and appoint Geoffrey Bouchier and Robert Armstrong of Kroll (a trading name of Duff & Phelps Ltd) as Joint Administrators.
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5corpio started a blog post FCA bans and fines financial adviser £68,300 for lacking honesty and integrityin 5corpioFCA bans and fines financial adviser £68,300 for lacking honesty and integrity
The FCA has banned Simon Varley from working in financial services and fined him £68,300 for knowingly performing a controlled function without approval and for providing investment advice to retail customers when he knew he was not qualified or approved to do so.
The FCA also found that... -
FCA publishes letter of concerns in relation to Amigo Loans
............proposed scheme of arrangement
Amigo Loans’ application to implement a scheme of arrangement (the 'Scheme') was heard at the High Court yesterday. Prior to the court hearing, we made Amigo Loans aware that the FCA did not support the Scheme and set out our concerns... -
5corpio started a blog post Drivers - car finance payments can have their vehicles repossessed by lenders from Februaryin 5corpioDrivers - car finance payments can have their vehicles repossessed by lenders from February
.......as FCA's Covid-19 ban ends- Repossession ban has been in place during the pandemic to protect consumers
- Exceptional financial hardship caused by Covid-19 has seen repossessions on homes, cars and other products restricted
- FCA has proposed for motor repossessions to recommence from next
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5corpio started a blog post FCA fines Barclays £26 million over treatment of customers in financial difficultyin 5corpioFCA fines Barclays £26 million over treatment of customers in financial difficulty
The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC, Barclays Bank PLC and Clydesdale Financial Services Limited (Barclays) £26 million for failures in relation to their treatment of consumer credit customers who fell into arrears or experienced financial difficulties. Barclays has... -
Fake Financial Services Register website
There is a 'FAKE' website Domain named 'www.thefca.net' - this is not the FCA website do not use
Source: FCA -
5corpio started a blog post FCA launches enhanced Financial Services Register to protect consumersin 5corpioFCA launches enhanced Financial Services Register to protect consumers
The redesign aims to help consumers protect themselves from harm and will provide a better experience for the Register’s users. The Register – which had more than 7 million unique users in the past year – is a vital service for anyone that wants to see firms and approved individuals that are involved... -
customers of One Stop Money Manager Limited
One Stop Money Manager Limited (FRN 900044) is authorised and supervised by the FCA to issue e-money and provide payment services under the Electronic Money Regulations 2011.
However, as of 4 December 2019 it is no longer able to conduct this regulated business because the FCA has imposed... -
Watchdogs 'need to prove they protect consumers'
Four major UK regulators need to do more to prove they are offering enough protection to those who need it, spending watchdog the NAO has said. Ofwat, Ofgem, Ofcom and the FCA understand the "significant difficulties" facing consumers. But they can't prove they are effectively responding to... -
5corpio started a blog post End of the rent-to-own rip-off? City watchdog brings in price capin 5corpioEnd of the rent-to-own rip-off? City watchdog brings in price cap
......to protect thousands of vulnerable customers- New price cap will kick in on 1 April and should help vulnerable customers
- FCA announced 100% total credit cap
- There is also now requirement on firms to benchmark base prices
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5corpio started a blog post Amigo shares fall after City watchdog launches industry-wide crackdownin 5corpioAmigo shares fall after City watchdog launches industry-wide crackdown
Shares in high-interest loan firm Amigo fell 3.9 per centafter the City watchdog launched an industry-wide crackdown. The company lends cash to customers with a poor credit record at 49.9 per cent interest. It uses a guarantor model where, if the borrower is unable to pay, then a friend or family member... -
FCA under fire over Lloyds compensation scheme
The Financial Conduct Authority (FCA) has been criticised for allowing Lloyds Banking Group to set up a "flawed" compensation scheme for victims of a massive fraud. The SME Alliance, which represents small firms ruined in the fraud, has filed an official complaint with FCA. It accuses Lloyds... -
TSB loses 16,000 customers after IT meltdown
More than 16,000 customers have deserted the TSB in the wake of an IT meltdown earlier this year. The figures - released by the payments operator BACS - show the net loss in accounts between April and June. However TSB, which has 5.2 million customers, said thousands of people had also opened accounts... -
FCA boss: 'No such thing as free banking'
Up to half of the profits made by big banks from current accounts come from just one in 10 customers, according to the industry regulator. Customers with overdrafts, which are more profitable than other types of credit, are particularly lucrative. A report by the Financial Conduct Authority (FCA) said...