The FCA has today launched plans for a new ‘Consumer Duty’ for regulated firms which will set a "higher level" of protection for consumers buying retail finance products and services.

The Financial Services Bill, which will help shape UK financial services regulation in the coming decades following Brexit, received Royal Assent yesterday (29 April).

Treasury minister John Glen today announced a £120m government-backed compensation scheme for LCF mini-bond victims which will pay up to 80% of losses up to a maximum of £68,000.

Most of the 11,500 former clients of failed wealth manager and DFM provider Reyker Securities plc have got their money back after intervention by the Financial Services Compensation Scheme.

The Competition and Markets Authority (CMA) has launched a new Digital Markets Unit (DMU) to tackle online competition.

The Financial Conduct Authority has published its first quarterly data for non-compliant financial promotions, as part of a drive for greater transparency on financial promotions.

The Financial Ombudsman is to increase its case fee by £100 to £750, according to its new budget and financial plans published today.

London Capital & Finance (LCF) mini-bond victims hoping for compensation have been dealt a blow by a court judgment.

The FCA has banned IFA Jon Frensham of Frensham Wealth Limited from performing any regulated activity after finding him ‘not a fit and proper person.’

The website infrastructure supplier for the Financial Conduct Authority is having technical issues, leaving the regulator unable to update its website.