5) Tough talk
Prime Minister Theresa May has declared war on crooked financial advisers, said she would charge HM Treasury and the Financial Conduct Authority with expelling rogue elements from the financial sector.
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Her tough talk in the House of Commons was prompted by a question from Nick Smith, MP for Blaenau Gwent about a constituent who’d lost thousands of pounds from his pension to a dodgy adviser.
Meanwhile, The Pensions Regulator has asked for privileges to screen phone records and emails of suspected fraudsters. Should the government accede the watchdog would have powers akin to police forces.
dan.moore@ft.com
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