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The CEO of The Pensions Regulator, Charles Counsell, is to step down in 2023 after deciding not to seek a second term.

The Financial Conduct Authority is to speed up the removal of regulated activities from firms failing to use their permissions.

A fifth (19%) of financial advisers admit they have not heard of the FCA’s new Consumer Duty and have not considered changes they may need to make.

In my last article I questioned just what is “fair and reasonable” when it comes to regulation. This was prompted by a recent FOS determination involving a complaint by a Mr T. against Rowanmoor Pensions.

The Financial Conduct Authority is planning to tighten rules covering financial promotions for high-risk investment products.

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.

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.

The FCA is planning to increase its minimum fee for firms from £1,151 to £2,200, it announced today.

The FCA has given its senior managers more powers to make regulatory decisions to ensure action to prevent consumer harm is taken quicker.

Trade union Unite has given the Financial Conduct Authority a 10 day deadline to recognise the union.

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