One of the FCA’s most senior executives, director of transformation Megan Butler, is to step down after only one year in a new role.

The FCA has today launched a wide scale review of Financial Services Compensation Scheme funding amid soaring costs.

Robo-adviser Wealthsimple is to quit the UK market after four and half years and transfer all clients to rival Moneyfarm.

Financial Planning and investment group Tavistock has reported a surge in first half profits thanks to the sale of its investment arm, Tavistock Wealth Limited, to Titan Wealth in August for an initial sum of £20m.

Practitioners say that overall the FCA handled the pandemic well, according to an independent survey.

The FCA is consulting on plans to significantly strengthen regulation of appointed representatives (ARs) after analysis showed firms employing appointed reps suffered four times as many complaints as firms not using appointed reps. 

Paul Groden Chartered FCSI, the new Jersey branch President for the Chartered Institute for Securities & Investment (CISI), is to focus on financial education and inclusion during his term in office. 

Chartered Financial Planning firm The RU Group is celebrating six consecutive years as a Chartered Financial Planning firm. 

The FCA has issued a warning to consumers about credit broker Grosvenor Associates Ltd which may have been one of a number of credit brokers offering unauthorised investments to clients.

Investment manager Abrdn has confirmed plans to buy direct to consumer financial platform Interactive Investor for £1.49bn.