The FCA has clarified that defence companies should not be treated differently to firms in other sectors when it comes to its sustainability regulations.

The FCA has said it will not pay compensation to those who have lost money due to the failure of funeral plan provider Safe Hands in 2022.

The FCA and ICO will investigate whether the Consumer Duty and other factors are potentially slowing down the development of AI in the regulated sector.

The FCA wants more vulnerable customers to seek help as it emerged that just four in 10 vulnerable clients have disclosed their vulnerability to the regulated firms they deal with, it said today.

The FCA has cancelled the part 4A regulatory permissions of Stratford-based firm Pan Risk Management Services Limited (FRN: 305302).

The FCA has banned Andrew Pearse and Surjan Singh, former Credit Suisse managing directors, from the UK financial services industry for lacking integrity.

A 46-year-old man, Olumide Osunkoya, has been jailed at Southwark Crown Court today for four years for running illegal crypto ATM activity said to be worth over £2.5m.

The FCA has charged award-winning IFA Kerry Nelson and fellow director Jacqueline Stephens, who both worked for Nexus IFA, in connection with a £2m fraud.

The FCA confirmed this week that its requirement for regulated firms to have ‘Consumer Duty Champions’ has been axed.

The FCA is moving swiftly to cut red tape to support growth in financial services, FCA chief executive Nikhil Rathi told delegates at an event today.

The FCA is to launch a multi-firm review of Model Portfolio Services (MPS) and their compliance with the Consumer Duty.

Six financial projects have been awarded funding of up to £30,000 each from the FCA as winners of its economics research competition.

The winding-up of the failed IFA Nexus Independent Financial Advisers (FRN 584769) looks set to take longer than expected, with unsecured creditor claims still waiting to be met.

The FCA has cancelled the part 4A regulatory permissions of Bromley-based firm HLU Ltd (FRN: 938123).

The Financial Conduct Authority’s review of ongoing advice data from 22 of the largest financial advice firms has found that suitability reviews were carried out in the vast majority of cases.

The FCA has defended its plans to delete emails after one year and denies it is trying to hide evidence and avoid scrutiny.

The FCA has fined trader Mako Financial Markets Partnership LLP £1,662,700 for failing to ensure it had effective systems and controls to guard against financial crime.

The FCA says it will take more time to consider its plans to extend the Sustainability Disclosure Requirements (SDR) regime to portfolio management.

Advisers have warned the FCA that its proposed introduction of targeted support under the Advice Guidance Boundary Review could cause significant consumer harm if the difference between guidance and advice is not more clearly defined.

The Financial Conduct Authority has charged Lisa Campbell of Campbell & Associates Independent Financial Advice Ltd (FRN 602550) with multiple fraud offences.