UK - The Financial Services Authority has withdrawn authorisation from 19 firms over the year to June 30 for failing to correct serious failings.
The FSAs Threshold Conditions Team, which deals mainly with small regulated firms, removes authorisation for a variety of reasons including: lack of rofessional indemnity insurance, failure to comply with ombudsman awards, and non-payment of FSA fees.
The 19 firms that have been struck off include: Oriental & African Strategic Investment Services, Keith Taylor Financial Services, Birrell Financial Services, and FT Investment & Insurance Consultants.
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.