A simple 'red, amber, green' traffic light system for pension scheme value could bring better clarity to workplace pensions and boost savings but may harm innovation, pensions experts say.

The FCA is to add another 100 roles to its Leeds office, adding close to 50% to the number of staff based at the office.

Sheldon Mills, executive director of consumers and competition at the FCA, has claimed that Consumer Duty has been a great success in a speech at an event celebrating the Duty’s anniversary.

There were 112 new financial advice firms registered with the FCA in June, according to new analysis of FCA data.

 The Financial Conduct Authority has today launched a review on 'streamlining' regulatory red tape post the Consumer Duty, amid signs many advice firms have cut back on the number and type of clients they serve and struggled to meet all the obligations.

Over one in three financial services firms (36%) have been penalised at least once in the past 12 months for failing to meet regulatory requirements, according to a new report.

The FCA has issued a £3,503,546 fine to CB Payments Limited (CBPL) for repeatedly breaching a requirement preventing it from offering services to high-risk customers.

The FCA has cancelled the permissions of Brentford-based Ekara Health Ltd (FRN 940007).

The High Court has approved a plan to return client money and customer assets to clients of failed Newcastle-based wealth manager WealthTek.

The FCA has told firms to do more to ensure politicians, senior public servants and their families are not treated unfairly.