The FCA has opened a new consultation on crowdfunding on new rules for loan-based crowdfunding platforms after seeing “poor practice.”

The FCA has called for input from firms about their experiences with the requirements introduced in by the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation.

Fining firms is only part of the solution to rooting out misconduct in the financial system, the FCA has said.

The FCA has launched a probe into possible ‘harm’ to consumers in the non-workplace pensions market.