FCA chief executive Nikhil Rathi has pledged to adopt a tougher approach for the regulator in a speech at the Lord Mayor’s City Banquet at Mansion House last night.

The FCA has banned financial advisory firm director Jon Frensham (formerly known as Jonathan James Hunt) from performing any regulated activity after his conviction for a child sex offence.

The Financial Conduct Authority has rejected an application for authorisation from a Claims Management Company which has been in business since 2006.

Increasing regulatory costs is the biggest hurdle facing Financial Planners in the next 24 months, according to our annual survey.