The Association of Investment Companies has criticised proposed FCA reform to Key Information Documents (KIDs) as “tinkering around the edges” and wants KIDs suspended prior to major reform.

The National Audit Office, the UK’s independent public spending watchdog, is to investigate the FCA’s handling of the British Steel Pension Scheme restructuring.

The Financial Conduct Authority has fined Credit Suisse £147m for serious financial crime due diligence failings over £940m of “tainted” loans to Mozambique.

The Financial Conduct Authority (FCA) has written to 3,591 DB transfer advice customers of 10 advice firms to encourage them to make a claim via the Financial Services Compensation Scheme (FSCS).

The FCA has banned financial adviser Omar Hussein and fined him £116,000 for “reckless and unsuitable” pension transfer advice.

The Bank of England has called for regulation for cryptocurrency saying that crypto finance “poses risks to financial stability.”

Financial Planning firms which continue remote or hybrid working following the pandemic will have their arrangements considered on a case-by-base basis by the Financial Conduct Authority (FCA).

The Financial Conduct Authority has warned two IFAs and a stockbroker that they face fines and regulatory action over their alleged role in a £5.9m SIPP pension transfer scam.

The FCA has restricted an authorised firm, Sentor Solutions Commercial Ltd, to prevent it carrying out regulated activities without prior written consent from the regulator.

FCA chief executive Nikhil Rathi has pledged to adopt a tougher approach for the regulator in a speech at the Lord Mayor’s City Banquet at Mansion House last night.