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  • FCA adds workplace savings guide to boost employer take-up

    The FCA has produced a workplace savings guide to provide clarity for employers on the rules surrounding employment-based schemes.

  • 4,465 FCA impersonation scams reported in 6 months

    The FCA has revealed it received more than 4,000 'fake FCA' scam reports from consumers in the first six months of 2025.

  • LSE becomes first PISCES operator to win FCA approval

    The FCA has today approved the London Stock Exchange to operate a PISCES platform, a new type of private stock market designed to attract HNW investors and others. 

  • Manchester CMC has permissions revoked

    The FCA has revoked the authorisation of Manchester-based claims management firm Barclay Blackthorn Legal Services Ltd (FRN: 836619) because it said that it considers that the firm is carrying on no regulated activity.

  • Shropshire claims firm cancelled by FCA

    The FCA has this week stripped permission to carry out regulated business from a Shropshire-based claims management company called Claimpoint Ltd (FRN 830722).

  • Leicester Financial Planner enters liquidation

    Leicester-based Trust Financial Planning (FRN: 407457) has entered liquidation after being subject to voluntary restrictions from the FCA earlier this year.

  • FCA whistleblowing reports jump 25%

    The number of new whistleblowing reports received by the FCA rose 25% year on year to 315 between April and June (Q2 2024: 253 reports).

  • FCA warns about 'off-channel' communications such as emails

    The FCA has warned firms about their 'off-channel' communications, which could include mobile phone calls and emails, after its review showed that staff at most firms breach internal policies.

  • Devon man behind £1.3m Ponzi scam found guilty

    A Devon man who set up a Ponzi scheme that netted £1.3m has been found guilty of fraud, following a prosecution by the FCA.

  • FCA rescinds £5.95m financial penalty on fake trader

    The FCA has decided to no longer seek a £5.95m financial penalty against Nailesh Teraiya, formerly sole controller and chief executive of Indigo Global Partners Limited (Indigo).

  • Investment fraudster told to repay losses to investors

    The FCA has today (5 August) secured a confiscation order against Reuben Akpojaro, the fourth individual involved in a £1.2m investment scam which saw 120 investors conned out of their savings.

  • Woodford provisionally banned and fined nearly £46m

    The FCA has provisionally fined Neil Woodford and Woodford Investment Management (WIM) for failures in their management of the Woodford Equity Income Fund (WEIF).

  • FCA opens retail access to crypto ETNs

    Financial services firms will soon be able to offer retail consumers access to crypto exchange traded notes (cETNs), under changes announced by the FCA.

  • Money apps can push users into hasty decisions warns FCA

    The design of digital platforms can drive customers towards making quick decisions which may not be in their best interests or consistent with the FCA’s expectations under the Consumer Duty, the regulator has warned.

  • FCA takes action over £23m unauthorised investment scheme

    The FCA has begun High Court proceedings over an alleged unauthorised investment scheme involving consumer investments of more than £23m in static homes.

  • West Yorkshire claims firm cancelled by FCA

    The FCA has this week stripped permission to carry out regulated business from a West Yorkshire-based claims management company called Fair Return Legal Services Limited (FRN 838208).

  • Editor’s Comment: Chancellor has Consumer Duty in her sights

    I don’t think I was the only one a little surprised by the Chancellor’s decision this week to order a significant review of at least part of the Consumer Duty, which was only fully introduced in 2023.

  • 1 in 2 advisers to use Targeted Support to boost growth

    Half (48%) of financial advisers expect the more relaxed regulatory framework brought about by Targeted Support to be an opportunity to attract new clients in the next 18 months, according to a new report.

  • 2 arrested as 7 crypto ATMs seized

     

    Two individuals have been arrested on suspicion of money laundering and running an illegal cryptoasset exchange.  

  • FCA fines Barclays £42m for financial crime risk failures

    The Financial Conduct Authority has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42m for major failings in their financial crime risk management including one relating to collapsed wealth manager WealthTek and one relating to Stunt & Co. 

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