A fifth (19%) of financial advisers admit they have not heard of the FCA’s new Consumer Duty and have not considered changes they may need to make.

Unite union members at the Financial Conduct Authority have begun a 48-hour walkout today in a protest over pay, terms and lack of trade union recognition.

The FCA has made three senior hires including a former Goldman Sachs managing director and a new director of competition.

The FCA has banned indefinitely five individuals involved in an illegal investment scheme which ripped off elderly and vulnerable investors.