Regulator targets 50 firms over ‘misleading’ crypto adverts
‘We’re concerned that people might be enticed into investing money they can’t afford to lose’
FCA
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Another Sipp operator enters liquidation
After it was unable to pay redress following final decisions issued by the Financial Ombudsman Service
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British Steel pension transfer advice unsuitable in 47% of cases
Members have lost £18m in redress due to firms entering liquidation
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FCA mulls ‘side pockets’ for retail funds with Russian assets
Option could help some suspended vehicles resume trading
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UK regulator rebukes LCF criticism
Bondholders have so far received £173m in compensation from various schemes
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‘End financial relationships with Russia’ urges UK chancellor
FCA says there are ‘significant practical challenges in terms of disposing’ of assets in the country
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FCA stops pension firm from accepting new business
Restriction will stay in effect until the regulator ‘is satisfied that it can be lifted’
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FCA blocks 25% of firms from consumer investment space
Some were suspected of attempting to phoenix
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Call for FCA to give evidence to Treasury over LCF failings
Campaigner Gina Miller accuses regulator of acting ‘illegally and illicitly’
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What do advisers want from the FCA consumer duty reform?
Industry supportive of move but implementation timeline is ‘challenging’
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FCA slammed over handling of mini-bond compensation
Including criticism of its complaints scheme under which redress ‘will never be available’
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British Steel advice firm stopped from disposing of assets
Regulator says company ‘appears to have paid dividends’ rather than retaining funds for potential redress