The Financial Conduct Authority has published new proposals to provide ‘targeted’ support to millions of pension savers to help them avoid costly mistakes.

FCA chief executive Nikhil Rathi appeared on ITV’s popular peak time programme The Martin Lewis Money Show last night to answer questions on a number of subjects including car finance claims.

A focus on how the FCA can support early and high growth firms will form the cornerstone of the FCA’s strategy between 2025 and 2030, according to CEO Nikhil Rathi.

The FCA has revealed that its Consumer Duty priorities for the coming months will include looking at targeted support for pension savers.

The Consumer Duty Alliance, the not-for-profit industry group supporting advisers with their duty commitments, has launched a free diagnostic tool.

The FCA is proposing switching its fee for principal firms of appointed representatives (ARs) and introducer ARs (IARs) to a variable fee from a fixed one.

Pension transfer specialist adviser Philip Pryke has been fined £1.4m by the FCA after his firm advised on 986 transfers, many of them not in the client’s best interests.

The FCA plans to give firms subject to enforcement investigations a 48 hour window to view the contents of any announcements before they are made public.

The firm-facing requirements of the MiFID regulations are to be transferred into FCA Handbook rules next year.

The FCA’s upcoming advice guidance proposals will focus on helping consumers understand their choices around pensions, according to the regulator’s chief operating officer Emily Shepperd.

The Financial Conduct Authority has fined Macquarie Bank Limited - London Branch (MBL) £13m for serious failings that allowed one of its employees to record more than 400 fictitious trades.

MPs and members of the House of Lords have today published a critical report on the Financial Conduct Authority (FCA), branding the regulator ‘incompetent’.

The FCA has published an indicative roadmap of key dates for the development and introduction of the UK’s crypto regime as new research revealed crypto ownership has risen 20%.

The FCA is offering up to £30,000 to people who successfully submit a research proposal that the regulator reckons will lead to a publishable report on growth, competitiveness or regulation.

The FCA has called on insurance firms to improve bereavement handling times and share best practice after it found it took up to 122 days to process a claim.

Barclays Bank has been fined £40m for failing to disclose a fund raising deal with Qatari entities in 2008 at the height of the financial crisis in that year.

The Financial Conduct Authority has started criminal proceedings against four individuals for conspiracy to commit false accounting, with three facing further charges for fraud.

The FCA is to hold round tables with smaller advice firms in the first half of 2025 over its plans to open the door to cheaper, simplified advice services to enable more consumers to access support at an affordable price.

Two financial advisers whose clients worked in the medical and dental community have been fined more than £6,000 each and banned by the FCA for recklessly breaching an asset requirement imposed on the firm.

Regulators have stepped in to clarify pensions marketing communication after confusion caused by the new Consumer Duty rules and how they affect existing regulations.