A legal challenge against the Financial Conduct Authority’s decision to set up a redress scheme for former British Steel Pension Scheme (BSPS) members has been scrapped.
The FCA has ordered Newcastle-based wealth manager WealthTek Limited Liability Partnership to cease all regulated activities following the discovery of regulatory and operational issues.
The Financial Conduct Authority has revealed plans to raise its annual fee charged to its Financial Planning firm segment by 8.9% for 2023/24.
The UK’s key financial regulators, the FCA, PRA and Treasury have today launched a sweeping review of the Senior Managers and Certification Regime (SM&CR).
The FCA has approved the first Long Term Asset Fund (LTAF) with Schroders becoming the inaugural provider.
The FCA is to launch a comprehensive thematic review of retirement income advice.
The FCA has warned that scammers may be targeting victims of the collapsed SIPP and SSAS provider Hartley Pensions.
The FCA has called for views on potential disclosure rules to replace the Packaged Retail Investments and Insurance Products (PRIIPs) regime and the Undertaking of Collective Investment in Transferable Securities (UCITS) rules.
Three directors - two of them IFAs - have been fined and disqualified as directors over a £44m SIPP mis-selling scheme.
The FCA is to impose additional checks on firms approving financial promotions.