Treasury Committee MPs have called for consumer trading in unbacked cryptoassets to be regulated as gambling. It warned that cryptocurrencies pose significant risks to consumers. In a new report, the cross-party committee of MPs said that cryptocurrencies such as Bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of […]

The Embark Platform is to rebrand as the Scottish Widows Platform in a major revamp for the Embark Group. As part of the shake-up the Advance by Embark platform, the former Zurich platform acquired by Embark in 2020, will shut later this year with accounts transferring to the Scottish Widows Platform. Embark will outline its future […]

  We are often told that financial services is a boom sector and in many ways it is, employing over 1m people and bubbling with innovation and enterprise, but does all this activity mask the fact that in one key measure the sector is actually shrinking? Our story we covered this week about the number […]

The FCA has imposed restrictions on a financial adviser firm based in South Wales to prevent it from making unsolicited offers of £50 in redress to BSPS members. The watchdog says it is the third time it has acted against firms making unsolicited offers of redress. The FCA says it is taking action against David […]

The FCA has secured two orders to return over £130,000 to investors in two unauthorised collective investment schemes. The orders relate to a UCIS operated by Synergy Land Group Limited and a separate CFD operation through 24HR Trading Academy Ltd. Investors in the UCIS established and operated by Synergy Land Group Limited between the end […]