The FPSB, the global standards setting body for Certified Financial Planners, has urged regulators to get tougher on social media ‘finfluencers’ who promote financial products or give financial tips, often via YouTube or social media.

As we’ve reported this week, some Unite union members at the FCA have staged a two day walkout, believe to be the first strike action in the regulator’s history.

I must confess to having been rather negative about the so-called social media influencers or ‘finfluencers’ as some call them.

Several million young people in the UK are believed to be following so-called social media financial influencers or ‘finfluencers,’ according to new research.