A new FCA consumer study has found that younger people - those aged 18-40 - are impulsive and heavily influenced by social media when it comes to investing.

The FCA has provisionally banned and fined two financial advisers over failings involving £126m of allegedly "flawed advice" pension transfers.

Financial advisers have broadly welcomed the FCA’s new proposals for targeted support for pension savers but have warned more clarity is needed if they are to succeed.

The FCA has revealed that its Consumer Duty priorities for the coming months will include looking at targeted support for pension savers.

MPs and members of the House of Lords have this week published a critical report on the Financial Conduct Authority (FCA), branding the regulator ‘incompetent.’

The FCA has published new rules firms must follow when designing and operating commercial Pensions Dashboards.

The FCA has warned SIPP operators over lack of progress over concerns that their actions could lead to “harm to individual consumers.”

The Financial Conduct Authority has banned Steven Hodgson and Paul Adams of Stockton-on-Tees-based Vintage Investment Services from advising customers on pension transfers and opt-outs.

The Financial Conduct Authority is ‘up for’ taking on greater risk and its more ‘radical’ reforms are ready ‘for take-off’ according to chief executive Nikhil Rathi.

The latest FCA retirement income data for 2023/24 has revealed a 20% rise in the number of pension plans accessed for the first time between April 2023 and March 2024.