The Financial Conduct Authority has confirmed it will raise its funding requirement for Financial Planning firms by 8.9% to £94.6m in 2023/24.
The FCA is consulting on new rules which would extend FSCS protection to retail investors investing in Long Term Asset Funds (LTAFs).
Financial adviser Denis Lee Morgan has been banned by the FCA from advising on pension transfers and opt outs following British Steel Pension Scheme advice failings.
The FCA has shared 10 questions for firms to consider ahead of its new Consumer Duty which comes into force on 31 July.
The FCA is to introduce tougher rules on cryptoasset marketing from October with a new ‘cooling off’ period added for first-time investors.
FCA proposals to align rules for fund managers and discretionary investment managers pose a “material threat” to managed portfolio services, according to wealth management trade association PIMFA.
Two brothers have been convicted of fraud and money laundering after taking £750,000 out of a failed peer-to-peer style investment firm.
The FCA has rejected an attempt by convicted fraudster and former Quilter worker David Nicholas King to regain authorisation so he could work for a chartered surveying firm.
The Financial Services Compensation Scheme has launched an investigation into City-based investment firm Pello Capital (FRN 449720) after FCA concerns about fraud and money laundering.
The FCA is planning a raft of measures to improve support for whistleblowers to give them more confidence in coming forward.
Page 17 of 81