The Financial Conduct Authority has called for an extension of its powers in its latest Perimeter Report.

Wealth management trade association PIMFA has called for the Financial Conduct Authority (FCA) to come forward with tangible, tested proposals to introduce friction into the consumer journey with respect to financial promotions.

The FCA will introduce a general ban on authorised firms approving financial promotions from unauthorised firms without special permission, the Treasury announced today.

The Financial Conduct Authority (FCA) has said it is considering expanding the classification of high-risk investments to include more types of investments which should be subject to marketing restrictions in its proposals to strengthen financial promotion rules.