Three people have been arrested as part of an FCA crackdown on suspected illegal financial promotions.

The FCA has set out guidance on how fund managers can use distributed ledger technology (DLT) to support innovation in fund tokenisation.

One of the main talking points this week has been the FCA’s Adviser Survey which seems to point to both positive and negative factors, as far as the professional advice sector is concerned.

Many years ago a wise and very experienced CEO of a Scottish life and pensions company (sadly no longer with us) passed on to me a very useful piece of advice on pensions which we were discussing at the time.

The Financial Conduct Authority is leading a global campaign of action to tackle illegal finfluencers who are scamming and conning consumers. 

The FCA and PRA have confirmed changes to the Senior Manager Certification Regime (SMCR), streamlining rules ahead of plans for wider changes which they claim will halve the SMCR’s regulatory burden on firms.

Financial adviser HDH Investment Services Limited (HDH) has entered Creditors’ Voluntary Liquidation three months after the FCA intervened over concerns the company may have given unsuitable advice to some clients, potentially resulting in financial loss.

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. 

British engineering firm John Wood Group Plc has been fined £12,993,700 for publishing inaccurate information in its financial results.

The FCA has cancelled the Part 4A regulatory permissions of Brian W Harrison Ltd (FRN 304682), a financial adviser firm based in Hampshire.

Some smaller regulated firms have found limitations in the range of data they can access when it comes to monitoring and tracking outcomes under the Consumer Duty, according to a new report from the FCA.