8,600 ads blocked in FCA crackdown on financial promotions
14 times more than in 2021
FCA
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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’
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FCA worried about ‘superficial and over-confident’ Consumer Duty plans
Industry cannot ‘take foot off the gas’ with only six months to prepare for the regulation
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FCA threatened with referral to financial regulator watchdog
IFA blasts ‘repeated mistakes, delays and bad leadership’ that harmed thousands of British Steel workers
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FCA faces legal challenge over British Steel redress scheme
Regulator believes move is an ‘attempt to delay payment’
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Ninth UK advice firm fails in 2023
FSCS has already received eight claims against the company – but five have been rejected
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FCA to carry out retirement income advice review
Regulator said findings will be an important indicator to how firms are implementing the Consumer Duty
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Convicted investment fraudster gets four more years in prison
After failing to pay a confiscation order made against him