Alternative investment fund the Novus Black Fund UK Ltd went into administration on 27 November with administrators Simon Jagger and Cameron Gunn of Evelyn appointed, the FCA has confirmed.

FCA CEO Nikhil Rathi has pledged to “revolutionise financial advice” as part of a package of reforms to break down the barriers to business growth in financial services.

Chancellor Rachel Reeves has urged Britain’s regulators to “tear down” barriers to promote business growth.

The FCA is set to boost staff numbers this year at its expanding Leeds office from 300 to 400 with the recruitment of 100 new employees.

The FCA has fined interdealer broker Arian Financial (FRN 415230) £288,962.53 for failing to ensure it had effective systems and controls against financial crime.

New analysis of FCA fines data by Financial Planning Today has revealed that the total sum of financial penalties imposed by the regulator in 2024 tripled compared to 2023.

Unity SIPP, part of the £1.2bn failed PSG SIPP (PSGS) business, has been sold to Pathlines Pensions UK Limited, formerly London & Colonial (LCS).

Nottingham Financial Planning firm Barkestone Wealth (FRN 507226) has had its permissions revoked by the FCA.

Prime Minister Sir Keir Starmer has called on key regulators, including the FCA, to do all they can to push reforms for growth in their sectors.

The FCA has revoked the regulatory permissions of Lincolnshire financial adviser firm John Cotton (FRN: 136224) for non payment of fees.

The FCA and police have arrested two individuals after a joint swoop on a suspected unauthorised debt and claims management company.

The FCA has refused to waive a £250 late submission fee despite being recommended to do so by The Complaints Commissioner which upheld a complaint against the regulator. 

The FCA is to compensate investors who may have lost money due to failings in the FCA register which allowed a fraudulent firm to trade.

The Financial Conduct Authority has today charged wealth management company owner John Dance with nine criminal offences, including multiple counts of fraud and money laundering. 

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 Financial Conduct Authority has today published its proposals for a new investment-generating stock market platform to be called PISCES.

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

The FCA has cancelled the Part 4A permission to carry out regulated business of West Yorkshire-based IFA McLean’s (FRN: 146450).

The FCA is clearly inching its way towards breaking down the boundary between advice and guidance with the aim of giving more ’targeted support’, as it calls it, to millions of pension savers.

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.