‘Fitness and propriety’ and ‘compliance’ were the joint top reasons for whistleblowers to complain to the FCA in March.

Administrators of collapsed Newcastle-based wealth manager WealthTek have uncovered a £81.4m gap in the firm’s finances, the FCA has said.

The FCA has warned that younger people approach dating more seriously than they approach investing - and exposing themselves to risks of financial harm as a result.

The FCA has issued a warning today about the potential mismanagement of 'asset protection' trust schemes.