The FCA has warned firms with overseas appointed representatives (OARs) that they need to carry out greater supervision.

The FCA is keeping a close eye on an ‘uptick’ in overseas firms trying to establish an operation in the UK but keeping senior staff overseas.

The Financial Services Compensation Scheme is probing two overseas-based adviser firms which used used EU 'passporting' rules to advise UK clients on pension transfers.

The attack on the CISI website - which targeted credit card transactions - came from a "highly organised international attacker", Financial Planning Today understands.