Clients of failed SIPP provider Hartley Pensions Limited - who have had funds ring-fenced - have been given an update from joint administrators UHY Hacker Young ahead of a legal judgment expected in late October.

The FCA has joined with the Solicitors Regulation Authority, Information Commissioner’s Office and the Advertising Standards Authority to tackle misleading advertising and inadequate information provided by some claims management companies.

The number of highly-regulated financial advice firms that said they are satisfied with the FCA has fallen by 12% to three-quarters of businesses in the last year.

Four in five (79%) financial advisers and wealth managers have seen an increase in compliance expenditure over the past year, according to a new report.

The FCA has shared plans to streamline its Consumer Duty rules following stakeholder input.

The FCA is set to open the door to widespread adviser charging for targeted support, the new type of guidance it hopes will reach millions more people.

The FCA has begun High Court proceedings against a number of individuals and companies over an alleged unauthorised investment which saw £23m of consumers' money invested in static homes.

The FCA has today warned consumers to beware of investing in high-risk schemes from unregulated firms without appreciating the risks involved.

The FCA has issued a reminder today to firms that cancellation rights do not exist for pension commencement lump sums (PCLS).

The FCA is ‘working hard’ to shorten the timeframe for enforcement investigations to boost confidence in the financial services sector, according to senior FCA executive Therese Chambers.

Taunton-based Nicholas Harper, 26, has been convicted of breaching the Data Protection Act but acquitted of fraud and unauthorised business offences connected to an investment fraud following a prosecution brought by the FCA.

New figures from the FCA published today have revealed that the total number of pension plans accessed for the first time rose by 8.6% to 961,575 compared to 885,455 in 2023/24.

Three finfluencers appeared before Westminster Magistrate’s Court yesterday, each charged with an offence relating to their social media posts.

The FCA is not planning on developing any additional regulations concerning the use of artificial intelligence (AI) by financial services firms.

Former NASA physicist John Burford has been sentenced to two years in prison in a £1m UK investment fraud case, following a prosecution brought by the FCA.

The FCA has revoked the authorisation of Manchester-based claims management firm Financial Recovery Solutions Ltd (FRN: 836358) because it said that it considers that the firm is carrying on no regulated activity.

Two professional day traders, Matthew and Nikolas West, have been sentenced for insider dealing and ordered to pay back more than £280,000.

Targeted Support should be judged on ‘whether it’s “complementing, not cannibalising”, the advice market, according to Steven Cameron, pensions director at Aegon.

The FCA’s Targeted Support proposals ‘could be detrimental to consumers’, according to The Society of Pension Professionals.

Wealth manager trade body PIMFA has called for clarity in key areas over the FCA’s Targeted Support proposals to ensure the regime delivers on its aims and avoids consumer confusion.