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FCA appoints members to new Innovation Advisory Group
The members of our Innovation Advisory Group (IAG) will join as the group meets for the first time in February. -
Financial watchdog proposes to ban debt packager referral fees to protect consumers
The FCA is to push ahead with proposals to ban debt packager firms from receiving referral fees from debt solution providers, following further analysis of the market. -
FCA confirms appointment of Chair of the Payment Systems Regulator
Aidene Walsh has been appointed Chair of the Payment Systems Regulator for a three-year term. -
The FCA and Practitioner Panel joint survey for 2023 launches
The FCA and Practitioner Panel 2022/23 survey is being sent to a sample of regulated firms, to gather their feedback on how we are doing in regulating the industry. -
Restrictions placed on Nexus Independent Financial Advisers and Nexus Investment Managers
On 25 January 2023, the FCA imposed a number of restrictions on Nexus Independent Financial Advisers and Nexus Investment Managers preventing them from carrying out any regulated activities and restricting access to their assets due to concerns -
FCA reappoints Chair of the Financial Ombudsman Service for a second term
Baroness Zahida Manzoor CBE has been reappointed as Chair of the Financial Ombudsman Service. -
British Steel pension scheme misleading redress offers
The FCA are aware that certain firms are making unsolicited offers to former British Steel pension scheme (BSPS) members who have not made complaints. -
Consumer warning on pre-paid probate plans
We strongly advise you to consider carefully whether a pre-paid probate plan meets your needs and offers value before buying as there are no regulatory protections in place for you. -
FCA issues statement of objections to 3 money transfer firms
In a statement of objections, the Financial Conduct Authority (FCA) alleges that Dollar East (International Travel & Money Transfer) Ltd, Hafiz Bros Travel & Money Transfer Limited, and LCC Trans-Sending Limited (including its parent company Small -
FCA highlights areas of focus for firms implementing the Consumer Duty
With 6 months to go before the Consumer Duty comes into force, the Financial Conduct Authority (FCA) has published a review of how firms are planning to implement the Duty.