QPay Europe Limited, has consented to a court order to give up £2m held in its name, following legal proceedings brought by the Financial Conduct Authority (FCA) under the Proceeds of Crime Act.

The FCA has stepped in to bar South Wales adviser firm David Stock & Co Limited (DS&C) - which advised BSPS clients on pension transfers - from disposing of assets without permission.

The Financial Conduct Authority has finalised new rules requiring listed firms to disclose progress against diversity targets.

Only 8% of FCA staff are expected to strike following a ballot of Unite members at the regulator in favour of action, Financial Planning Today understands.