The Financial Conduct Authority has halted business at 627 regulated firms in the past year to prevent consumer harm - 30% more than the previous year, according to its annual report and accounts

The Financial Ombudsman Services has made 128 staff redundant over the past 12 months as its workload has fallen, according to its 2019/20 Annual Report and Accounts.

More than 32,000 pension savers have received £135m in compensation from providers who failed to inform them about enhanced annuity options, the FCA has revealed in its Annual Report and Accounts.

The FCA has delayed the publication of its Annual Report and Accounts - due this month - for at least two months due to the Coronavirus pandemic.