Displaying items by tag: FCA
FCA says misleading financial promotions doubled in 2021
New FCA data has revealed that misleading financial promotions by authorised firms more than doubled from 207 in 2020 to 564 in 2021.
FCA asks advisers about British Steel transfers
The Financial Conduct Authority has sent a survey to 2,500 advice firms on its work related to the British Steel Pension Scheme (BSPS).
FCA to tighten financial promotions rules
The Financial Conduct Authority is planning to tighten rules covering financial promotions for high-risk investment products.
Regulators consult on limiting FSCS management costs
The Financial Conduct Authority and Prudential Regulation Authority have launched a consultation on the management expenses levy limit for the Financial Services Compensation Scheme (FSCS).
BSPS victims may get FCA redress scheme
The FCA is to consult on launching a redress scheme for pension transfer victims of the British Steel Pension Scheme (BSPS) debacle.
FCA plans new Consumer Duty for firms
The FCA is to consult on introducing a sweeping new Consumer Duty which will require firms to do more to protect consumers from harm and bad financial decisions.
FCA says SIPP claims a factor in compensation shake-up
The FCA has launched a major review of the funding of the Financial Services Compensation Scheme due to soaring costs, including rising SIPP claims.
FCA cracks down on appointed reps
The FCA is consulting on plans to significantly strengthen regulation of appointed representatives (ARs) after analysis showed firms employing appointed reps suffered four times as many complaints as firms not using appointed reps.
FCA set to increase minimum firm fee to £2,200
The FCA is planning to increase its minimum fee for firms from £1,151 to £2,200, it announced today.
FCA beefs up powers for its senior managers
The FCA has given its senior managers more powers to make regulatory decisions to ensure action to prevent consumer harm is taken quicker.