Over one in three financial services firms (36%) have been penalised at least once in the past 12 months for failing to meet regulatory requirements, according to a new report.
The FCA has issued a £3,503,546 fine to CB Payments Limited (CBPL) for repeatedly breaching a requirement preventing it from offering services to high-risk customers.
Iress has added integration with artificial intelligence-powered adviser assistant tool PlannerPal to its cloud-based advice and wealth management software Xplan.
The FCA has cancelled the permissions of Brentford-based Ekara Health Ltd (FRN 940007).
Titan Wealth has acquired Dubai-based Financial Planning and wealth management firm AHR Group for an undisclosed sum in its first international deal.
The High Court has approved a plan to return client money and customer assets to clients of failed Newcastle-based wealth manager WealthTek.
Financial advisers who gave bad advice to BSPS victims have been ordered to pay just £8.87m in fines and redress to BSPS victims - far less than the £50m expected, an FCA report out today reveals.
The number of whistleblowers contacting the FCA to alert the regulator to suspected wrong-doing fell sharply in the latest quarter, new data shows.
Pension savers are losing £1.2bn each year by unwittingly transferring their pensions to higher charging providers, a new study warns.
Pension schemes are in favour of the Labour government introducing tax incentives to increase pension investment in UK growth, according to a new survey.