The Financial Conduct Authority has launched a 14-point action to spur banks and building societies to pass on interest rates rise to cash savers faster.

The FCA is to introduce tougher rules on cryptoasset marketing from October with a new ‘cooling off’ period added for first-time investors.

The Financial Conduct Authority has warned regulated firms who ignore its upcoming Consumer Duty deadline to expect “swift action.”

The FCA is planning to update its guidance, introduced during the Covid-19 pandemic, to provide more support to insurance customers facing financial difficulty.