The Financial Conduct Authority has received more than 600 applications to its regulatory sandbox since its launch in 2016.

‘Fitness and propriety’ and ‘compliance’ were the joint top reasons for whistleblowers to complain to the FCA in March.

Administrators of collapsed Newcastle-based wealth manager WealthTek have uncovered a £81.4m gap in the firm’s finances, the FCA has said.

The FCA has warned that younger people approach dating more seriously than they approach investing - and exposing themselves to risks of financial harm as a result.