FCA eyes 90-day redemption rule on illiquid funds to end mass withdrawals Investing The UK’s financial watchdog has proposed changes to retail investment fund rules in a bid to reduce the risk of rushed asset sales during market volatility. The Financial Conduct Authority (FCA) floated a minimum 90-day notice period for investors withdrawing from long-term investment funds holding illiquid assets such as infrastructure and private equity, in its [...]
Motonovo hikes motor finance provision as buyers circle Aldermore Banking Car finance firm Motonovo has ramped up its provisions for the motor finance scandal as top banks and private equity firms explore a takeover of its parent company Aldermore. The Cardiff-headquartered company recognised a £153.2m charge in its latest accounts for historical motor finance commissions. This was more than double the £60.6m recorded last year. [...]
JP Morgan eyes role on London Stock Exchange’s Pisces market Investing JP Morgan is seeking approval to handle deals on the London Stock Exchange’s Pisces market in a sign of growing momentum behind the private bourse. The US bank is looking to join the likes of Bank of America and Rothschild in becoming a so-called registered auction agent, which would allow it to broker deals on [...]
‘Reckless’ pensions advice: Watchdog slaps ex-Quilter rep with huge fine September 3, 2026 The City watchdog has banned a former Quilter adviser from working in finance, accusing him of “recklessly betraying his responsibilities” by offering pensions advice he wasn’t qualified to give. The Financial Conduct Authority (FCA) has given Daniel Thomas – whose DPT Financial Solutions was an approved representative of FTSE 250 wealth manager Quilter – a [...]
Use AI for investing at your own risk, warns watchdog August 27, 2026 The financial watchdog has warned Brits using AI for investment advice that they may not be protected if things go wrong as more people turn to online chatbots. Four in five inexperienced investors admitted to using AI tools for help with their investment decision, according to the latest research from the Financial Conduct Authority (FCA). [...]
The London Stock Exchange is shrinking – but Julia Hoggett is still an optimist August 11, 2026 The London Stock Exchange’s two flagship indexes are trading near all-time highs. But beneath the surface, it has been another testing year for the capital’s bourse. Boss Dame Julia Hoggett tells Ali Lyon what she is doing to disprove the doomsters. In the cavernous foyer of London’s historic stock exchange, a giant cube is flashing [...]
Questions raised over FCA’s new short-selling rules July 18, 2026 Apparent errors in the Financial Conduct Authority (FCA)’s first batch of new short-selling data have raised questions over the accuracy of information used by traders and regulators to track bets against UK-listed companies. The Financial Times first reported that the regulator’s new disclosures contained a series of apparent errors, including positions that were changed or [...]
Kemi Badenoch’s economic revolution could set the City free July 14, 2026 Abolishing bank ring-fencing, recalibrating capital requirements, and replacing the Financial Ombudsman Service are essential steps to remove stifling regulations and reignite growth, says Norbert Sobolak No political party in Britain has set out a positive agenda for the financial services sector since the 2008 crisis. The reticence is understandable; after 2008, defending finance won no [...]
Baillie Gifford launches UK’s first ever tokenised fund June 22, 2026 Baillie Gifford has launched the UK’s first ever fully tokenised investment fund, in a move that will grant savers the opportunity to invest in short-dated bonds via blockchain-based tokens. The Scottish investment house unveiled its Enhanced Yield Fund on Tuesday, with a mandate actively to manage investors money in a variety of short-term corporate and [...]
Cryptoasset approvals surge as FCA softens stance May 26, 2026 The approval rate for cryptoasset firm registrations has surged, City AM can reveal, in signs the UK’s financial watchdog is softening its stance towards the crypto industry. As many as 13 cryptoasset firm registrations were approved by the Financial Conduct Authority (FCA) in the year to April 2026, a more than doubling compared to 2024, [...]