Three crooks who laundered funds fraudulently obtained from 350 people tricked into investing more than £12m in a boiler room fraud were sentenced on Friday.
The FCA says a crackdown on illegal investment advertising on the internet helped cut investment fraud in 2023, with overall losses down 40%.
Adviser platform Nucleus has signed a deal to acquire Third Financial, a provider of white label investment platforms and software.
The FSCS has declared a Portuguese financial firm involved in the UK SIPP market in breach of its regulatory permissions as failed.
Four hundred workers from The Pension Regulator will take part in a new 12-day strike starting later this month.
Adviser platform Parmenion has added model portfolio ranges from Hymans Robertson Investment Services (HRIS), Pacific Asset Management (PAM) and Albemarle Street Partners (ASPIM).
A rule change giving longstanding NHS staff the option of partial retirement has seen more than 3,200 medical professionals apply in the first three months.
The challenging economic environment is leading to profound changes in client retirement decisions, according to a new adviser survey.
Only 14% of crypto-asset business registrations submitted to the FCA have been approved by the regulator since it became the crypto market supervisor in 2020.
The FCA has tightened its rules on firms’ ability to approve financial promotions for unauthorised persons.
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