The FCA says the standards of claims management companies (CMCs) are improving but there are areas where firms are not meeting its expectations.

The FCA’s ban on contingent charging introduced in 2020 led to a dramatic fall in the number of DB transfers, but had little impact on fees, the regulator said.

The FCA has secured a confiscation order of £586,711 against Mohammed Zina, a convicted insider dealer.

MPs and members of the House of Lords have today criticised FCA chief executive Nikhil Rathi for his ‘unconstructive’ response to their report published in October which branded the regulator ‘incompetent.’

The FCA has won a Confiscation Order of £5,963,376 against convicted investment scammer Guy Flintham.

The Financial Conduct Authority has published proposals today which would pave the way for a new generation of smaller corporate bond issues aimed at retail investors and wealth managers. 

For the first time the FCA is to survey all regulated firms for its annual Practitioner Panel joint survey.

The FCA has fined investment provider Infinox Capital Limited £99,200 for failing to submit 46,053 transaction reports.

Ipswich financial advice firm CN Wealth (FRN: 618268) has had its permissions revoked by the FCA.

The FCA has stopped Arthur Temlett, trading as Abacus Insurance Consultants (FRN 118204), from carrying out regulated activities, including acting as an insurance broker, after it appeared that premiums from clients were not being passed on to insurers. 

Yorkshire solicitors Lupton Fawcett LLP has settled a High Court claim brought by the FCA and apologised for the firm's involvement in an unlawful and unauthorised care home investment scheme which saw investors lose £57m.

The FCA is to retire its British Steel Pension Scheme redress calculator which has been used to provide an assessment of client losses incurred due to poor advice.

The FCA has reiterated its warning to investors - first issued in 2021 - about 'clone' scammers trying to impersonate savings bank Marcus by Goldman Sachs.

The FCA has received more than 630 applications from entrepreneurs to its Regulatory Sandbox initiative since it was launched in August 2021, according to the latest update on submissions.

Alternative investment fund the Novus Black Fund UK Ltd went into administration on 27 November with administrators Simon Jagger and Cameron Gunn of Evelyn appointed, the FCA has confirmed.

FCA CEO Nikhil Rathi has pledged to “revolutionise financial advice” as part of a package of reforms to break down the barriers to business growth in financial services.

Chancellor Rachel Reeves has urged Britain’s regulators to “tear down” barriers to promote business growth.

The FCA is set to boost staff numbers this year at its expanding Leeds office from 300 to 400 with the recruitment of 100 new employees.

The FCA has fined interdealer broker Arian Financial (FRN 415230) £288,962.53 for failing to ensure it had effective systems and controls against financial crime.

New analysis of FCA fines data by Financial Planning Today has revealed that the total sum of financial penalties imposed by the regulator in 2024 tripled compared to 2023.