The Consumer Duty has helped improve standards in financial services but more progress is needed and some areas of board monitoring are "weak", a senior FCA figure has said.

The FCA has set out its plans to take action against both Hartley Pensions Limited and an individual involved with the firm.

The Consumer Duty was introduced on 31 July 2023 and it’s fair to say it has shaken up the financial services sector and driven improvements in consumer protection - but is it having the full effect intended?

Mutual provider Royal London has become one of the first retail finance firms to offer Targeted Support to consumers, a day after Targeted Support was allowed by the FCA.

The FCA has today fined Dinosaur Merchant Bank Limited £338,000 for failings related to its handling of sophisticated CFD investments (contracts for difference).

The Financial Conduct Authority is consulting on removing the annual client review requirement for financial advisers who provide ongoing pensions and investment services.

The FCA has amended its rules on cyber attacks to make existing incident and third party reporting clearer requirements, more consistent and easier for firms to follow.

A trio have been sentenced for their involvement in an illegal sale-and-rent-back scheme targeting struggling homeowners.

The Prudential Regulation Authority (PRA) has imposed a fine of £10,625,000 on UK Insurance Limited due to its miscalculation of the firm's Solvency II balance sheet during 2023 and 2023.

A Bucks financial adviser has had its Part 4A permissions to carry out regulated business revoked this week by the FCA.