The managing director of Newcastle upon Tyne-based Lowes Financial Management, Ian Lowes (pictured), has written to the UK Financial Conduct Authority (FCA) to complain about the administration fees imposed by Reyker Securities on investors in structured products marketed by defunct provider Merchant Capital, and the lack of appropriate regulatory action. SRP can confirm that Lowes sent a letter to the UK watchdog - as well as a claim to the Financial Services Compensation Scheme (FSCS) - in wh