The FCA has barred IFA firm Frensham Wealth of Surrey from carrying out any regulated activities following the conviction of director Jon Frensham (formerly known as Jonathan James Hunt) for a child sex offence.

The FCA has given its senior managers more powers to make regulatory decisions to ensure action to prevent consumer harm is taken quicker. 

The Financial Conduct Authority has proposed that firms offer a default investment option to non-workplace pension clients.

The economic secretary to the Treasury has said the FCA must transform into a “more nimble and innovative” regulator.