Displaying items by tag: FCA

The Financial Conduct Authority said today that its expects more than 1,000 British Steel Pension Scheme (BSPS) members hit by poor pension transfer advice to start receiving redress calculations in 2023.

The FCA has taken the rare step of issuing a warning about communications from a troubled firm, SIPP and SSAS provider Hartley Pensions.

The FCA intervened on a record 4,151 financial promotions between July and September this year, the highest quarterly number since it started publishing the data.

The Financial Conduct Authority has recruited 125 new staff to tackle a growing backlog in firm and individual authorisations.

AJ Bell founder Andy Bell is to step down from the investment platform’s board following discussions with the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) has issued warnings over two firms offering financial advice without its authorisation.

New emergency asset retention rules from the Financial Conduct Authority (FCA) have been applied to 101 firms who provided pension transfer advice for former British Steel Pension Scheme (BSPS) members.

The Financial Conduct Authority is facing strong criticism for its handling of the £46m Blackmore Bond collapse which has left a number of investors facing thousands in losses.

Pensions broker Daniel Stewart & Company plc has been declared in default by the Financial Services Compensation Scheme (FSCS), opening the door for investors to claim compensation.

The FCA is introducing tougher new rules to tackle “misleading adverts” that encourage consumers to invest in high-risk products without understanding the risks.