Laura Trott MP has become the new Pensions Minister, the Department for Work and Pensions announced today.

Seven financial providers have paid £12m in compensation to nearly 60,000 customers after the FCA intervened over the treatment of hard-pressed borrowers.

Financial advisers and providers should not underestimate the extent of what will be expected of them under the new Consumer Duty, according to the Financial Conduct Authority.

The Financial Conduct Authority has expressed concern that mounting pressure on household budgets may force some customers to cut back on essential insurance, leaving them without protection. 

The Financial Conduct Authority is to host a series of webinars to help advisers firms prepare for the new FCA Consumer Duty.

The Financial Conduct Authority has issued Link Fund Solutions a draft Warning Notice with a proposed penalty of £50m over its handling of the LF Woodford Equity Income Fund.

Canadian wealth manager RBC Wealth Management has received the regulatory green light for its £1.6bn acquisition of Financial Planning firm Brewin Dolphin.

The Financial Conduct Authority has postponed its Annual Public Meeting as it observes a period of official mourning following the death of the Queen.

The FCA has rejected calls from MPs on the influential Treasury Committee to make financial inclusion a key part of regulation.

In a new development, scammers are using fake letters and phone calls to pose as the Financial Conduct Authority (FCA) to target authorised firms and consumers.