The Financial Conduct Authority confirmed in a policy statement today that Long Term Asset Funds (LTAFs) will be covered by the Financial Services Compensation Scheme.

‘Compliance’ was the top reason for whistleblowers to complain to the FCA in June, with 63 reports being made to the regulator about the issue during the month.

The FCA has revealed that on 22 August it imposed restrictions on London Court Limited (FRN 146522) for failings relating to the 'My Investment Hub' platform.

The FCA has warned firms to ensure that they comply with new rules that strengthen the responsibilities and expectations of principals in relation to their appointed representatives (ARs).