The retail investment sector continued to dominate attestations (or undertakings) required issued by the Financial Conduct Authority between January and March.

The FCA has cancelled the permissions of Buckinghamshire-based adviser firm Pringles Financial Services (FRN: 148402).

One in twelve (8%) financial advisers and wealth managers do not expect their firm to meet the Consumer Duty Board report deadline, according to new research.

The FCA has provisionally banned two financial advisers for “acting without integrity” in relation to SIPPs pensions advice involving £10m of investments.

The FCA has cancelled the permissions and withdrawn the authorisation of London-based financial advice firm Elan Financial Group Ltd (FRN: 48971).

The FCA has fined HSBC Bank plc, HSBC UK Bank plc, and Marks and Spencer Financial Services plc (HSBC) £6.28m for failures in its treatment of customers who were experiencing financial difficulties.

Citigroup Global Markets Limited (CGML) has been hit today with two fines by UK financial regulators totalling nearly £62m.

The FCA has written a Dear CEO letter to provider bosses to alert them to potential gaps in data as the Consumer Duty deadline for closed products looms.

The FCA has responded robustly to complaints about the time it took to provide redress to victims of the British Steel Pension Scheme (BSPS) scandal.

The FCA is keeping a close eye on an ‘uptick’ in overseas firms trying to establish an operation in the UK but keeping senior staff overseas.