The Financial Conduct Authority (FCA) has warned that its proposed redress scheme for the British Steel Pension Scheme (BSPS) scandal could see advice firms pay over £140m in compensation.

The Financial Conduct Authority is to introduce tougher rules to tackle “misleading adverts” that encourage consumers to invest in high-risk products. 

The Financial Conduct Authority has begun its long-awaited regulation of the funeral plan market from today.

In this exclusive Guest Column for Financial Planning Today, Andy Agathangelou, founder of the Transparency Task Force, looks at why regulation is failing to protect consumers, the human misery caused by financial crime and how Financial Planners can help. 

The FCA has launched a new section on its website to give regulated firms regularly updated guidance on helping clients hit by the cost of living crisis.

At 7am this morning the Financial Conduct Authority published its long-awaited policy statement and final guidance for its new Consumer Duty requirements.

The Financial Conduct Authority has extended the deadline for implementation of its new Consumer Duty rules to 12 months.

The FCA has been ordered to pay £4,000 compensation to a complainant which caused £100m in consumer losses and redress.

The FCA has warned that many scammers are using bogus emails, letters and phone calls purporting to be from the FCA to target authorised firms and consumers.

The Financial Conduct Authority has confirmed that it will increase annual fees for Financial Planning firms by 5.6% from July.