The Financial Conduct Authority is to order "significantly" higher standards at some 'host' Authorised Fund Managers (AFMs) where it has identified weaknesses.

The FCA will seek to ban failed financial services firms from working with Claims Management Companies (CMCs) to target former clients.

The Financial Conduct Authority has appointed Sheldon Mills as the new executive director for consumers and competition, and Siobhan Sheridan as chief people officer.

New research by the FCA has revealed that an estimated 2.6m UK consumers have bought cryptoassets.