The FCA has imposed sweeping restrictions on app-based London wealth management firm Strowz Ltd (FRN 792373) in response to “significant concerns” about the firm and its handling of client money.

The FCA has turned down an application to annul its decision to halt regulated business at Hull-based claims management firm (CMC) Prestige Legal Ltd (FRN 915619).

Restricted advice wealth manager 2plan, part of the Openwork Partnership, said it will restart its commitment to growth after the Voluntary Requirement (VREQ) imposed on it in 2024 was lifted by the FCA following a review.

Last year 15.8m UK adults who likely needed financial guidance failed to receive regulated financial advice, the FCA has revealed in its new Financial Lives 2024 survey.

Just 8.6% of those surveyed by the FCA for its latest Financial Lives survey had received financial advice on investments, pensions or retirement planning in the previous 12 months.

The Financial Conduct Authority has secured confiscation orders of £305,284 against a trio of convicted investment fraudsters.

The FCA plans to cut back insurance red-tape to give the industry simpler, more straightforward rules, it said.

Two professional day traders have pleaded guilty to six instances of insider deal.

Clients of Hartley Pensions held a protest outside the High Court this week as the saga following the collapse of the SIPP provider in 2022.

The FCA has appointed four new non-executive directors to its board as well as extending Richard Lloyd’s second term as a non-executive director on the board.

The FCA is seeking views on the future regulation of specific cryptoasset activities, ahead of legislation to bring them within regulation.

The Financial Conduct Authority has reassured Hartley Pensions clients following a letter sent by the joint administrators over the unauthorised movement of monies from their SIPPs by Hartley.

I have to confess that I am in two minds on the rapid spread of AI into regulation, despite assurances from the FCA that it will help cut down on admin and generally be a boon.

The Financial Conduct Authority (FCA) has delayed its plans to apply sustainability disclosure requirements (SDR) to portfolio managers.

The number of consumer complaints to financial services firms about investments fell more than any other product group last year, according to the latest FCA data.

The FCA plans to launch a live AI testing service to help firms deploy safe and responsible AI and is seeking firm's views before launching the service.

The FCA has cancelled the part 4A regulatory permissions of Glasgow-based firm LR Kennedy Insurance Services (FRN: 311420) after repeated failures from the firm to respond to questionnaires, telephone calls and emails from the regulator.

The FCA is embracing technology to help it be more “user-friendly” by reducing regulatory burdens and adopting a more dynamic approach to supervision and authorisation.

The FCA has made it easier for Financial Planners to find up-to-date supervisory communications on its website.

The FCA has published plans to “streamline” rules on the types of funds investment firms must hold in a step it claims could cut red tape by up to 70%.