Day: May 15, 2023

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published an interactive factsheet to help consumers understand how the recent increases in inflation and interest rates can affect their money. This includes the financial products and services that consumers currently hold or plan to buy, such as loans, savings, financial investments, insurance …

ESAs draw consumers’ attention to how rises in inflation and interest rates might affect their finances Read More »

Quilter Financial Planning Limited (Quilter) acquired Lighthouse in June 2019, after the unsuitable advice. Quilter has however taken responsibility for the unsuitable advice provided before its purchase of Lighthouse and has proactively carried out a redress exercise. By 30 April 2023, Quilter had paid approximately £23.17 million in redress to put affected Lighthouse customers back …

FCA censures Lighthouse Advisory Services Limited for serious failings in relation to the British Steel Pension Scheme and £23m paid out in redress Read More »

ASIC is investigating Ascent Investment and Coaching Pty Ltd (Ascent) and its director, Michael Jefferson Dunjey of Western Australia. ASIC’s investigation arose from concerns that: Ascent may have received funds from members of the public and these funds may have been improperly dealt with. Ascent may have been operating an unregistered managed investment scheme. Next …

Ascent Investments and Coaching Pty Ltd and Michael Dunjey Read More »