The Society of Pension Professionals (SPP), which represents more than 20,000 pension professionals, has called for stronger protection for consumers who use SIPPs (self invested personal pensions).

In this column for Financial Planning Today, Dr Matthew Connell, director of policy at the Personal Finance Society, looks at what a new Prime Minister might mean for Financial Planners and how they can meet the challenges of a changing political landscape.

The FCA has confirmed its indefinite ban on Demetrios Hadjigeorgiou, CEO of SIPP and pension-linked discretionary fund manager SVS Securities.

The former CEO of fund manager Blue Horizon Asset Management (BHAM), Paul Taylor, has been fined £489,000 and banned by the FCA from working in financial services after he made attempts to buy a bank and a football club using false statements.

The FCA's international crackdown on illegal 'finfluencer' promotions resulted in three arrests over the past year and 650 social media 'takedown' requests, according to the FCA's annual report and accounts published today.

The FCA says that pension firms must do more for customers who have older pensions and fund savings because of concerns that some of them may be receiving poor value.

The FCA has censured WealthTek’s custodian and agreed the firm will pay £31.7m to WealthTek clients for weak financial crime controls.

The FCA is consulting on plans to change UK Listing Rules to ensure that closed‑ended investment funds, such as investment trusts and investment companies, manage conflicts of interest better.

With AI developments moving ‘dramatically faster’ than the frameworks governing it, the FCA is having to make changes of its own, according to chief executive Nikhil Rathi.

Wealth manager and Financial Planner Rathbones Investment Management Limited (FRN 116316) has halted the onboarding of clients requiring enhanced due diligence (EDD) following a Consumer Duty-focused review which highlighted issues with some clients and how they were treated.