How the sustainability disclosure requirements will impact DFMs
Concerns of vast swathes of assets chasing labelled funds and a threshold MPS will never meet
FCA
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FCA urged to review treatment of clients with mental health problems
As charity finds they are charged 27 times more for insurance products
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IFA firm accused of misappropriating client funds
Around £1.5m was reportedly transferred to the personal accounts of the company’s sole director
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FCA expects firms to make ‘fundamental changes’ for Consumer Duty
But it wants to work together with industry to ‘rebuild trust and confidence’
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Unauthorised investment firm and director sued
FCA wants to recover £2.8m that was taken ‘unlawfully’ from retail investors
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FCA tells crypto firms to comply with financial promotions regime
But regulator is struggling to tackle unauthorised businesses targeting Brits
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8,600 ads blocked in FCA crackdown on financial promotions
14 times more than in 2021
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IFA firm and investment manager hit with regulatory restrictions
Director may have taken more than £2m from clients
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FCA fines nearly triple in a year
While US regulator raked in record $6.4bn in penalties
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Advice is ‘too expensive’ and ‘for the wealthy’, Brits claim
44% of Gen-Z savers believe they can source valuable information on social media
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FCA extends asset retention rules for British Steel advice firms
As it writes Dear CEO letter telling pension providers to comply with information requests
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IFA firms slammed for ‘misleading’ ex-British Steel members
FCA deems move a ‘deliberate attempt to exclude them from participating in the redress scheme’