The FCA has launched a major crackdown on scam bond and investment comparison websites in signs of a tougher approach from the regulator.

Ron Treherne IFA Ltd of Cardiff has had its permission to carry out regulated business removed by the FCA after it failed to pay Financial Ombudsman awards against it.

The FCA will seek to ban failed financial services firms from working with Claims Management Companies (CMCs) to target former clients.

The FCA has today launched plans for a new ‘Consumer Duty’ for regulated firms which will set a "higher level" of protection for consumers buying retail finance products and services.

The Financial Services Bill, which will help shape UK financial services regulation in the coming decades following Brexit, received Royal Assent yesterday (29 April).

Treasury minister John Glen today announced a £120m government-backed compensation scheme for LCF mini-bond victims which will pay up to 80% of losses up to a maximum of £68,000.

Most of the 11,500 former clients of failed wealth manager and DFM provider Reyker Securities plc have got their money back after intervention by the Financial Services Compensation Scheme.

The Competition and Markets Authority (CMA) has launched a new Digital Markets Unit (DMU) to tackle online competition.

The Financial Conduct Authority has published its first quarterly data for non-compliant financial promotions, as part of a drive for greater transparency on financial promotions.

The Financial Ombudsman is to increase its case fee by £100 to £750, according to its new budget and financial plans published today.