Eight UK firms enter liquidation after regulatory action
The FCA issued consumer warnings and restrictions against them throughout 2021 and 2022
FCA
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FCA will ‘take action’ over firms miscalculating DB transfer redress
Ongoing fund costs and adviser charges are not being taken into consideration
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FCA clamps down on over 4,000 financial promotions in 3 months
Regulator warns unauthorised firms and individuals are looking to take advantage of the rising cost of living
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FCA prosecutes five over roles in £1.2m investment scheme
Some of the defendants allegedly used victims’ money to fund their lifestyles
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FCA unveils sustainable fund labels in greenwashing crackdown
SDR consultation proposes fund labelling, disclosure and marketing rules
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Advisers ‘can’t afford to delay preparations’ for Consumer Duty
They are in ‘real danger’ of letting the FCA’s deadline pass them by
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UK financial advice business fails
Lifeboat scheme has received five claims against the company
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17 investment firms blocked by FCA due to phoenixing fears
As executive director of enforcement and market oversight steps down after seven years at UK regulator
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DB transfers plunge 53% in three years
Drop is culmination of ‘limited availability and increased cost of advice’
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FCA sounds alarm over rising pension scams
A quarter of consumers would withdraw their retirement savings to cope with cost-of-living crisis
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What does the advice sector want from FCA director of international?
UK regulator is looking to improve its engagement overseas
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Some advice firms still clueless about Consumer Duty
Yet they have less than a year to comply with the FCA’s rules